Can a stock market listing help to improve the operational performance of Chinas banks?
Author InfoHsiu-Ling Wu Chien-Hsun Chen Hui-Ling Lin Abstract This study attempts to empirically examine the impact of initial public offerings on China’s banking sector. The period considered covers the years 1996-2004. The fixed effects and random effects models are estimated, and the empirical results show that the operational performance of listed banks is inferior to that of unlisted banks. The launching of initial public offerings by Chinese banks is found to have a significant positive impact on the return on assets. Traditional interest income still accounts for by far the largest share of the Chinese banks’ operating revenue. Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
