• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu
    • Abstracting/ Indexing:  Crossref, Electronic Journals Library , EBSCO
    • E-mail: ijtef.editorial.office@gmail.com
IJTEF 2014 Vol.5(1): 77-81 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2014.V5.344

Exploring the Principal Factors Influencing IPOs in the Emerging Growth Enterprise Market of China

Hai Long

Abstract—A successful IPO is determined by many different factors across listing markets. Identifying the principal factors and satisfying with them are prerequisites for an IPO firm. The purpose of this study is through Principal Factor Analysis (PFA) to investigate these determinants in the emerging Growth Enterprise Market of China. Based on a sample of the initial 243 IPOs in the market over 2009-2011 period, this study shows the five factors — firms size, profitability, growth rate, IPO volume, and dividend rate are the most significant factors for a successful IPO in the market.

Index Terms—Entrepreneurial firms, growth enterprise market of china, IPO determinants, principal factor analysis.

H. Long is with the School of Business, Edith Cowan University, Perth, 6027 Australia (e-mail: soholonghai@163.com).

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Cite:Hai Long, "Exploring the Principal Factors Influencing IPOs in the Emerging Growth Enterprise Market of China," International Journal of Trade, Economics and Finance vol.5, no.1, pp. 77-81, 2014.

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