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Research on the Factors Affecting the Delisting of Chinese Listed Companies

  • Yanyan ZhangEmail author
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1002)

Abstract

This paper focus on the main factors affecting the uncap-listed companies, thus determining the influencing factors of the delisting companies and the overall implementation effect of the delisting system. Based on the data of 391 companies in China’s A-share listed companies from 1989 to 2016, the Logistic model was used to study the factors affecting the delisting of listed companies. The results show that the proportion of state-owned shares, the proportion of tradable shares, the degree of loss and the age of listing are the main influencing factors of the delisting of listed companies, but have no significant relationship with the profitability, growth ability and solvency indicators on behalf of the company’s comprehensive operational capabilities, which means the current delisting system of Chinese stock market was ineffective.

Keywords

Listed companies Delisting Factors Factors analysis 

Notes

Funding

The periodical results of national social science foundation: “The development and optimization research of the delisting system of listed companies under the background of registration system reform (17BJL093)”. This paper is also funded by fundamental research funds for the central universities of Sichuan University, “Research on the fluctuation of market prices of agricultural products (selfresearch in 2019 - Economic 016)”.

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.School of EconomicsSichuan UniversityChengduPeople’s Republic of China

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