Publication Type

Journal Article

Publication Date

12-2008

Abstract

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.

Keywords

profitability analysis, listed firms, stock market reform

Discipline

Accounting | Business Administration, Management, and Operations

Research Areas

Accounting Information System

Publication

Frontiers of Business Research in China

Volume

2

Issue

4

First Page

497

Last Page

517

Identifier

10.1007/s11782-008-0029-0

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://doi.org./10.1007/s11782-008-0029-0

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