Strategic choices in going public: ESG performance implications in China

Z Cheng, H Gao, Z Liu… - Business Strategy and …, 2024 - Wiley Online Library
Choices in going public are important business strategies that can influence Environmental,
Social and Governance (ESG) performance through varying levels of regulatory scrutiny …

Reverse merger audit fee premium: Evidence from China

Z Cheng, ZF Liu, IZ Wang, X Zhao - International Review of Financial …, 2024 - Elsevier
We examine the impact of listing via a reverse merger (RM) on audit fees, which can serve
as an indicator of a firm's perceived risk. Using a manually assembled dataset of Chinese …

Transformations in the Chinese capital market: technological innovations, sustainability and regulatory reforms (1999–2023)

J Han, S Jones, Z Liang, Z Pan, J Shi - Journal of Accounting …, 2024 - emerald.com
Purpose This paper examines the evolving landscape of accounting and finance research
on the Chinese capital market, building on a previous study published at Abacus in 2018 …

Unveiling the Veil: Identifying Shell Firms Using Machine Learning Approaches

Z Cheng, T Li, ZF Liu - Available at SSRN 5009243 - papers.ssrn.com
The approval-based initial public offering (IPO) system in China allowed a shadow market of
undisclosed shell firms to flourish and facilitated reverse mergers (RMs) that bypass …

Unveiling the Veil: Predicting Potential Shell Firms Using Machine Learning Approach

Z Cheng, T Li, ZF Liu - Available at SSRN 4946721 - papers.ssrn.com
The approval-based initial public offering (IPO) system in China contributed to the
persistence of undisclosed shell firms. In this study, we apply machine learning (ML) …

Reverse Takeovers and Environmental, Social, and Governance Performance: Empirical Evidence from China

Z Cheng, H Gao, ZF Liu… - … , Reverse Takeovers and … - papers.ssrn.com
This study investigates the impact of listing approach on Environmental, Social, and
Governance (ESG) performance in China, by comparing the ESG performance of firms going …