In reviewing and approving applications for IPOs and public listings, China Securities Regulatory Commission (CSRC) focus more on the profitability of applicant companies than on the accuracy, completeness and truthfulness of information disclosed by applicant companies. This article finds that in terms of long-term financial performance, companies that are approved for IPOs and public listings by CSRC tend to under-perform companies that are not approved for IPOs and public listings by CSRC. Such a finding has some important implications for how CSRC can improve its regulation of China's domestic stock markets. © 2012 Springer-Verlag GmbH.
CITATION STYLE
Li, G. (2012). Test the effectiveness of China securities regulatory commission approach to regulate China’s stock markets. In Advances in Intelligent and Soft Computing (Vol. 141 AISC, pp. 35–40). https://doi.org/10.1007/978-3-642-27957-7_5
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