交叉上市、投资者保护与企业价值被引量：26

Cross-listing,Investors Protection and Firm Value

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摘要本文基于约束假说理论,对在香港交叉上市①的内地A股上市公司展开研究。研究发现,由于受到发达资本市场严格的法律制度、证券法规的约束,受到更高的信息披露标准制约,降低了投资者获取信息的成本,给投资者提供了更好的保护,使企业价值增加。 This paper discusses the cross- listing can increase the finn value following the decrease of the information acquisition cost and the increase in the investor protection because of the rigorous law, restricted security regulation and high standard information disclosure requirement based on the bonding theory.

作者何丹张力上陈卫

机构地区西南财经大学会计学院西南财经大学统计学院

出处《财经科学》 CSSCI 北大核心 2010年第3期16-22,共7页 Finance & Economics

基金西南财经大学科研基金资助项目“投资保护、交叉上市与企业价值--兼论中国A股市场‘海归热’现象”(07QN38)的阶段性成果西南财经大学“211工程”三期青年教师成长项目基金资助西南财经大学“211工程”三期重点学科项目西南财经大学创新人才培养项目资助

关键词交叉上市投资者保护约束假说企业价值 Cross- listing Investor protection Bonding hypothesis Firm value

分类号 F832.51 [经济管理—金融学]

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参考文献8

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