Role of private placement targets in shaping long-term corporate performance

Jun Han and Chong Xiao

Finance Research Letters, 2025, vol. 79, issue C

Abstract: This study examines how different private placement targets affect enterprises’ long-term performance based on the A-share listed companies between 2012 and 2022. Findings show that private listing by companies exclusively for institutional investors positively influences the company's long-term business performance. After participating in private placements, institutional investors play a more positive and prominent role within the enterprise. By exercising oversight, they improve corporate information disclosure, thus affecting the enterprise's long-term performance.

Keywords: Private placement targets; Information disclosure level; Long-term performance of enterprises (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325005719

DOI: 10.1016/j.frl.2025.107308

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