Abstract:Shanghai-Hong Kong Stock Connect Program began on July 17th, 2014, aiming to strengthen the cooperation in capital markets and promote the opening of domestic companies to the outside world. Based on DID and PSM-DID method, the article analyzes data sample from 2010 to 2017, exploring the effects of the program on financing constraints. It shows that Shanghai-Hongkong Stock Connect Program alleviates financing constraints of underlying companies: If the institutional ownership is regarded as moderating variabl… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.