Empirical Research on Loss-making Listed Companies

Author: Xue Shuang
Publisher:
Publish Date: 2005-04-01
Features: Looking back at the history of loss-making companies, we have many questions: Why do so many companies, after going public, quickly transform from beautiful swans into ugly ducks? Can we identify these "risky" companies in advance? What role do major shareholders play during the process of a company's transformation? In their with various market stakeholders, what tactics do loss-making companies use to turn around their losses? Have the regulatory measures imposed on loss-making companies by supervisory authorities achieved their intended effects? Why do the stock prices of loss-making companies continue to rise? Is it due to the irrationality of investors or the irrationality of the system? If investors are rational, what is the basis for their expectations? This book aims to delve deeply into these questions, in order to help investors gain a better understanding and grasp of market risks. It also provides empirical support for supervisory authorities in formulating policies and offers insights for the operations of listed companies.