The geography of equity listing and financial centre competition in mainland China and Hong Kong
| Autor: | Bas Karreman, Bert van der Knaap |
|---|---|
| Přispěvatelé: | Applied Economics |
| Rok vydání: | 2012 |
| Předmět: |
Finance
Mainland China Economics and Econometrics business.industry Geography Planning and Development Equity (finance) Competitive advantage Competition (economics) jel:M China Hong Kong financial centre competition stock listing jel:G15 jel:L10 Stock exchange jel:M13 jel:O32 Mainland jel:R12 Listing (finance) business China jel:R38 |
| Zdroj: | Journal of Economic Geography, 12(4), 899-922. Oxford University Press |
| ISSN: | 1468-2710 1468-2702 |
| DOI: | 10.1093/jeg/lbr046 |
| Popis: | This study examines the changing competitiveness of financial centres in mainland China and Hong Kong based on the geography of equity listing of mainland Chinese firms. Pre-listing firm characteristics are used to explore firms’ motives for listing on a particular exchange and whether these motives have changed over time. The results show that Hong Kong’s prominence as an international financial centre is attracting the largest and, recently, also the best performing mainland Chinese state-owned enterprises to go public. Less differentiation exists between the competitiveness of Shanghai and Shenzhen, although the renewed strategy of the Shenzhen stock exchange to attract smaller firms appears to be successful. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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