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International Cross-Listing of Chinese Firms

Book Description

While many nations are still struggling from the global financial crisis and regaining their financial security, investors are considering alternative options for investing their money; and the secure financial sector is China appears as a viable option. International Cross-Listing of Chinese Firms examines the successful techniques and strategies that Chinese companies are using within their financial practices. It highlights the foreign-based multinational enterprise theories related to the major international stock markets. By providing the latest theories and research, this book will be beneficial for business practitioners, researchers, and managers interested in the relationship between cross-listing and firm valuation of Chinese firms.

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Preface
    1. SETTING THE SCENE
    2. OBJECTIVES OF THE BOOK
    3. COMPOSITION OF THE BOOK
  5. Acknowledgment
  6. Chapter 1: Introduction
    1. ABSTRACT
    2. 1.1 RESEARCH BACKGROUND
    3. 1.2 RESEARCH OBJECTIVES
    4. 1.3 METHODOLOGY
    5. 1.4 CONTRIBUTIONS OF THE RESEARCH IN THIS STUDY
  7. Chapter 2: International Cross-Listing of Chinese Firms
    1. ABSTRACT
    2. 2.1 CHINA STOCK MARKET HISTORY
    3. 2.2 CHARACTERISTICS OF THE CHINESE STOCK MARKET
    4. 2.3 CHINA CROSS-LISTING
    5. 2.4 CONCLUSION
  8. Chapter 3: Review of Cross-Listing
    1. ABSTRACT
    2. 3.1 INTRODUCTION
    3. 3.2 EARLY STUDIES OF CROSS-LISTING
    4. 3.3 CORPORATE GOVERNANCE AND LEGAL BONDING
    5. 3.4 MULTIPLE LISTING AND INFORMED TRADING
    6. 3.5 PRICE DISPARITY AND ARBITRAGE
    7. 3.6 CONCLUSION
  9. Chapter 4: Cross-Listing, Firm Valuation, and Corporate Governance
    1. ABSTRACT
    2. 4.1 INTRODUCTION
    3. 4.2 THEORETICAL FRAMEWORK
    4. 4.3 HYPOTHESIS DEVELOPMENT
    5. 4.4 MEASUREMENT OF FIRM VALUE OR FIRM PERFORMANCE
    6. 4.5 DATA AND METHODS
    7. 4.6 EMPIRICAL RESULTS
    8. 4.7 CONCLUSION
  10. Chapter 5: Market and Price Linkage for Dual-Listings
    1. ABSTRACT
    2. 5.1 INTRODUCTION
    3. 5.2 DATA COLLECTION
    4. 5.3 METHODOLOGY
    5. 5.4 EMPIRICAL RESULTS
    6. 5.5 CONCLUSION
  11. Chapter 6: Cross-Listing and Arbitrage without Overlapping Time
    1. ABSTRACT
    2. 6.1 INTRODUCTION
    3. 6.2 CHINESE ADRs
    4. 6.3 DATA AND METHODS
    5. 6.4 EMPIRICAL RESULTS
    6. 6.5 CONCLUSION
  12. Chapter 7: Micro-Analysis of the Bank of China
    1. ABSTRACT
    2. 7.1 OVERVIEW
    3. 7.2 ANALYSIS
    4. 7.3 CONCLUSION
  13. Chapter 8: Conclusion, Limitations, and Future Research
    1. ABSTRACT
    2. 8.1 CONCLUSION
    3. 8.2 CONTRIBUTIONS OF THIS RESEARCH
    4. 8.3 LIMITATIONS OF THIS RESEARCH
    5. 8.4 FUTURE RESEARCH
  14. List of Abbreviations
  15. Appendices
    1. APPENDIX 1: INTERNATIONAL CROSS-LISTING INFORMATION FOR CHINESE FIRMS
    2. APPENDIX 2: CHINESE DUAL AND TRIPLE CROSS-LISTING INFORMATION
    3. APPENDIX 3: DISTRIBUTION OF REALIZED RETURN
    4. APPENDIX 4: MEAN AND VARIANCE OF RETURN DISTRIBUTION
    5. APPENDIX 5: GRANGER-CAUSALITY TEST RESULTS
  16. Compilation of References
  17. About theContributors
  18. Related References