Title :
Institutional Biases against Privately-Owned Enterprises in China´s Stock Markets
Author_Institution :
Dept. of Investment, Central Univ. of Finance & Econ., Beijing, China
Abstract :
Lack of capital has long been a bottleneck for the growth of privately-owned enterprises in China. This article provides evidence that there have been institutional biases against privately-owned enterprises in China´s state-controlled going public process. Such institutional biases have largely shut privately-owned enterprises, which are actually better qualified for IPO than SOEs, out of China´s stock markets.
Keywords :
stock markets; China stock markets; IPO; SOE; institutional biases; privately-owned enterprises; Companies; Councils; Finance; Government; Investments; Profitability; Security; Stock markets; Vehicles;
Conference_Titel :
Biomedical Engineering and Computer Science (ICBECS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5315-3
DOI :
10.1109/ICBECS.2010.5462316