The Effects of Going Public on Bank Risks: Evidence from China

Hongyan Geng, Maoyong Cheng, Junrui Zhang and Hong Zhao

Emerging Markets Finance and Trade, 2021, vol. 57, issue 2, 444-464

Abstract: Using data from China’s banks between 1995 and 2017, we employ propensity score matching and difference in differences approaches to investigate the effects of going public on bank risks, including insolvency risk, capital risk, liquidity risk, asset quality, credit risk, and prudential behavior, and obtain the following results. First, bank risks (except for insolvency risk) are improved after going public. Second, going public has stronger effects if a bank is listed on more than one stock exchange. Finally, both the single-listing effects and cross-listing effects of going public on bank risks are stronger in state-owned banks than in non-state-owned banks.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:57:y:2021:i:2:p:444-464

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DOI: 10.1080/1540496X.2019.1588726

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