淡江大學機構典藏:Item 987654321/77703
English  |  正體中文  |  简体中文  |  Items with full text/Total items : 62830/95882 (66%)
Visitors : 4040047      Online Users : 1040
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/77703


    Title: The Determinants of Overseas Listing Decision: Evidence from Chinese H-share Companies
    Other Titles: 企業跨境掛牌決策因素：以中國在香港掛牌之國企股為例
    Authors: Kung, Fan-Hua;Cheng, Chia-Ling
    Contributors: 淡江大學會計學系
    Keywords: overseas listing;Chinese H-shares;corporate governance;political relations
    Date: 2012-09-05
    Issue Date: 2012-07-12 02:47:19 (UTC+8)
    Publisher: Basingstoke: Palgrave Macmillan Ltd.
    Abstract: This article examines determinants in the decision of Chinese companies to seek overseas listings. Because most H-share companies listed in Hong Kong are state-owned, factors related to both politics and corporate governance have a profound influence on the decision to list overseas. The sample in this study comprised all listed Chinese companies that issued A-shares and mainboard-listed H-shares between 2003 and 2008. We hypothesize that companies are motivated to list overseas in accordance with political and corporate governance arguments. Our results support this assertion. Companies with strong political ties (generally large-scale ventures, managed by politically connected CEOs, and considered to be in strategic industries) demonstrate a pronounced inclination to list overseas. We also found that in H-share companies listed in Hong Kong, ownership tends to be more balanced, with a larger number of independent directors, and few instances of controlling shareholders or CEO duality, compared with the situation in pure A-share companies.
    Relation: Asian Business & Management,11(5), p.591-613
    DOI: 10.1057/abm.2012.24
    Appears in Collections:[Graduate Institute & Department of Accounting] Journal Article

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML73View/Open

    All items in 機構典藏 are protected by copyright, with all rights reserved.

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback