国际清算银行-IPO的竞争效应：以中概股暂停上市为利.pdfVIP

COMPETITIVE EFFECTS OF IPOS: EVIDENCE FROM CHINESE LISTING SUSPENSIONS FRANK PACKER AND MARK M. SPIEGEL Abstract. Theory suggests that initial public offerings (IPOs) can adversely im- pact listed firms, both directly by increasing intra-industry competition, and in- directly by completing related asset market spaces. However, the endogeneity of individual IPO activity hinders testing these channels. This paper examines listing suspensions in China