중국 상장기업의 해외 IPO 대상국 선택 결정요인 분석

• 영문명: Determinants of Overseas IPO Location Selection by Chinese Stock Exchange Listed Enterprises
• 발행기관: 한국무역연구원
• 저자명: 허련화(Lian Hua Xu) 한병섭(Byoung Sop Han)
• 간행물 정보: 『무역연구』제10권 제6호, 351~366쪽, 전체 16쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2014.12.31

영문 초록

Since 1993, TSING DAO issued H shares in Hong Kong and Chinese enterprises began listing their shares overseas. Right now, more and more Chinese enterprises have listed in Hongkong, Singapore and some countries successfully. With China s overseas IPOs active, studying the determinants of overseas IPO location selection is necessary. This paper examines determinants of overseas IPO location selection by analyzing 758 Chinese stock exchange listed enterprises for the period 2002-2012. Poisson regression analysis showed that the IPO country s investor protection, disclosure index, stock turnover, economic freedom and the trade volume between China and the IPO host country have a positive impact on Chinese enterprises overseas IPO in developed country while only economic freedom affects Chinese enterprises overseas IPO in developing countries.

목차

Abstract

Ⅰ. 서론

Ⅱ. 문헌연구

Ⅲ. 가설설정

Ⅳ. 연구방법론

Ⅴ. 실증분석 결과

Ⅵ. 결론

참고문헌

키워드

China Overseas IPO Disclosure index Stock traded turnover Economic freedom index