NDLI: Study on the capital operating performance and efficiency of Chinese cross-listed firms

Content Provider	IEEE Xplore Digital Library
Author	Ren Rong Zhang Di-xin Zhu Zhi-xiong
Copyright Year	2013
Description	Author affiliation: Guotai Junan Securities Co., Ltd., China (Zhu Zhi-xiong) \|\| Sch. of Bus., Nanjing Univ., Nanjing, China (Ren Rong; Zhang Di-xin)
Abstract	We study the capital operating performance and efficiency of Chinese firms after cross-listed. We find that the advantages of market environments and institutions will improve the capital operating performance and efficiency of Chinese cross-listed firms, therefore protect the investor's interests and improve the corporate governance of cross-listed firms. We also find that: for those Chinese cross-listed firms which need not comply with overseas related laws, regulations, institutions and listing guidelines, not only their capital operating performance and efficiency are lower than those of Chinese cross-listed firms which comply but also their capital operating efficiency is lower than that of Chinese non-cross-listed counterparts. Also, their capital operating performance isn't higher than that of Chinese non-cross-listed counterparts. Therefore, if Chinese firms are preparing for an overseas cross-listed, they should cross-list in those overseas securities markets with more market environment and institution advantage, complying with the laws, regulations, institutions and guidelines in overseas markets. Only in this way it would be helpful to improve the capital operating performance and efficiency and the corporate governance.
Starting Page	1494
Ending Page	1501
File Size	363093
Page Count	8
File Format	PDF
ISBN	9781479904730
ISSN	21551855
e-ISBN	9781479904747
DOI	10.1109/ICMSE.2013.6586468
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2013-07-17
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Law capital operating efficiency Globalization capital operating performance Chinese cross-listed firms non-parameter hypothesis testing Security Stock markets Bonding Guidelines Testing
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in