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Can a stock market listing help to improve the operational performance of China’s banks?

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  • Hsiu‐Ling Wu
  • Chien‐Hsun Chen
  • Hui‐Ling Lin

Abstract

This study attempts to empirically examine the impact of initial public offerings on China’s banking sector. The period considered covers the years 1996–2004. The fixed effects and random effects models are estimated, and the empirical results show that the operational performance of listed banks is inferior to that of unlisted banks. The launching of initial public offerings by Chinese banks is found to have a significant positive impact on the return on assets. Traditional interest income still accounts for by far the largest share of the Chinese banks’ operating revenue.

Suggested Citation

  • Hsiu‐Ling Wu & Chien‐Hsun Chen & Hui‐Ling Lin, 2009. "Can a stock market listing help to improve the operational performance of China’s banks?," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 12(1), pages 13-28.
    • Handle: RePEc:taf:jecprf:v:12:y:2009:i:1:p:13-28
    DOI: 10.1080/17487870802677742
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    References listed on IDEAS

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    1. Chien-Hsun Chen & Hui-Tzu Shih, 2002. "The Evolution of the Stock Market in China’s Transitional Economy," Books, Edward Elgar Publishing, number 2792.
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    Cited by:

    1. Roger Frantz, 2017. "Rationality, globalization, and X-efficiency among fi nancial institutions," Chapters, in: Morris Altman (ed.), Handbook of Behavioural Economics and Smart Decision-Making, chapter 15, pages 275-289, Edward Elgar Publishing.
    2. Bin Liu, 2011. "The Effects of Public Listing on the Performance of Banks in China," Working Papers 072011, Hong Kong Institute for Monetary Research.

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