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.
|Journal||Journal of Business Venturing|
|Publication status||Published - 2010|
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- Corporate governance
- Entrepreneurial firms
- Foreign stock listing
- STOCK EXCHANGES