Publication Type
Journal Article
Version
Publisher’s Version
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 | Asian Studies | Corporate Finance
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
Publisher
Springer
Citation
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.
Available at: https://ink.library.smu.edu.sg/soa_research/1675
Copyright Owner and License
Publisher
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1007/s11782-008-0029-0
Included in
Accounting Commons, Asian Studies Commons, Corporate Finance Commons