CapitalResourceAllocation-EvidencefromChinaˇsAccounting-BasedRegulationofRightsIssues.pdfVIP

THEACCOUNTING REVIEW Vol. 79, No. 3 2004 pp. 645-665 XEalrnings M[anagemlent alndL Capital Resource Allocation: Evidemnce from Chinas Accounting- Based Regulation of Fights Issues Kevin C. W. Chen Hong Kong University of Science and Technology Hongqi Yuan Shanghai University of Finance and Economics ABSTRACT: From 1996 to 1998, listed