Journal of Chemical and Pharmaceutical Research (ISSN : 0975-7384)

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Original Articles: 2014 Vol: 6 Issue: 7

The empirical research of the selection of listing location in Chinese companies

Abstract

This paper selected the financial indicators of Chinese listed companies both overseas listing and domestic listing during 2011 and 2012, Using Probit model to study the impact the growth ability, financial leverage, the company size, profitability, cashability has on the chosen of companies’ listing location. Results show that the company scale, cashability and profitability significantly related to companies’ listing location. Then, we use treatment effect model to analyze the profitability of listed companies before and after listing, the results show that after the overseas listing, enterprises have the relative advantage in profitability under 5% significant level. This showed that overseas listing is beneficial to the development of corporate profitability.