This research collects and analyses the profitability data of Chineselisted companies from 1992 to 2004. Results show that, on average, theprofitability of Chinese listed companies has declined over the period. Post-IPOearnings also exhibit a downward trend. A further analysis reveals that changes inlisted firms’ profitability ratio follow a strong mean reversion pattern.
profitability analysis, listed firms, stock market reform
Accounting | Business Administration, Management, and Operations
Accounting Information System
Frontiers of Business Research in China
NIU, Jianjun; YUE, Heng; and JIANG, Guohua.
Profitability analysis of chinese listed firms: 1992－2004. (2008). Frontiers of Business Research in China. 2, (4), 497-517. Research Collection School Of Accountancy.
Available at: http://ink.library.smu.edu.sg/soa_research/1675
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