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Foreign vs. domestic listing: An entrepreneurial decision

  • Ding, Yuan
  • Nowak, Eric
  • Zhang, Hua

In this paper, we use a unique hand-collected dataset to analyze stock listing as an entrepreneurial decision. By comparing mainland Chinese entrepreneurial firms listed in Hong Kong with the same type of firms opting for a domestic listing on the Shenzhen second board market, we argue that the decision to list on a particular stock exchange is a question of entrepreneurial signaling, and often a trade-off between short-term financial considerations and the entrepreneur's pursuit of long-term benefits.

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Article provided by Elsevier in its journal Journal of Business Venturing.

Volume (Year): 25 (2010)
Issue (Month): 2 (March)
Pages: 175-191

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Handle: RePEc:eee:jbvent:v:25:y:2010:i:2:p:175-191
Contact details of provider: Web page: http://www.elsevier.com/locate/jbusvent

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