澳洲国立大学论文代写：在中国首次公开发行(ipo)

澳洲国立大学论文代写：在中国首次公开发行(ipo)

他们的增长预期。几乎没有控制在金融方面的公司和他们在信息披露不透明的投资者。这导致中国企业的表现最差,如果比较完成ipo。有很多调查已经完成,正在进行相关交易和欺诈的中国同行(Chen弗斯&金,2004)。

为了理解这些转变背后的原因,有必要了解IPO市场在中国的发展。在1990年代有主导地位的共产党资本家在中国推出美国ipo市场,主要是筹集资金的公司是制造业公司随后老业务,公司参与公用事业业务和公司制造自行车。然而在1990年代后期,十年美国市场看到大型电信公司的发行寻找私有化。这些公司在最初阶段收到了来自投资者但后来这些积极响应公司惨败,因为他们无法保持与标准需要保持对公众上市公司(伊藤,2003)。

澳洲国立大学论文代写：在中国首次公开发行(ipo)

In the recent past the Chinese IPOs have been accused of fraud. Chinese IPOs which listed in the US stock exchange are drawing flak from the investors due to fraud related issues. There is a lot concern about the business models of the firm and their growth expectation. There is little control in financial aspects of the firms and they are not transparent in the disclosures they make it to the investors. This has led to the Chinese companies being the worst performer if a comparison is done of the IPOs in US. There have been many investigations which have been done and which are ongoing related to transactions and fraud done by the Chinese counterparts (Chen, Firth & Kim, 2004).

In order to understand the reason behind these turn of events it is necessary to understand how the IPO market has evolved in China. In the 1990s when there was dominance of the communists who are capitalists in China to launch IPOs in the US market, the firms which mostly raised money were manufacturing firms which followed old line of business, firm involved in the utilities business and firm manufacturing bicycles. However in the latter part of 1990s decade the US market saw large issuance of the telecom companies which were looking for privatization. These companies in the initial stages received a positive response from the investors but later on these firms did badly as they were not able to keep with the standards which were needed to maintain for the public listed firms (Ito, 2003).