Market Valuation of Chinese IOT Enterprises: Listing in U.S. Versus Listing in China
| Autor: | Song Yawen, 宋雅雯 |
|---|---|
| Rok vydání: | 2017 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 105 Since 2009.8, the Prime Minister of China, Mr. Wen Jia Bao, brought the concept “Experience China” to public, IOT is officially became one of the FIVE ultramodern Strategic industries in China. China’s society was paying much more attention on IOT. Therefore, this article is aimed to explore this subject matter which is the new concept to public. This paper is going to find out the difference for Chinese IOT enterprises to become listed in China and USA. When IOT enterprises list in different countries (China and USA), whether it would cause any difference in valuation. This paper uses the annual data from 2011-2015, among 73 Chinese IOT enterprises listed in China and 15 Chinese IOT enterprises listed in USA, through the Tobin’s Q of these companies, the result shows the enterprises listed in China has higher Tobin’s Q than the Chinese enterprises listed in USA, and the result is significant. That means Chinese IOT enterprises have better evaluation when they listed in China. The valuation of IOT enterprises in 2015 is significantly higher than other years. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|