{"id":"https://openalex.org/W2054878113","doi":"https://doi.org/10.1016/j.pacfin.2012.10.003","title":"Does having a credit rating leave less money on the table when raising capital? A study of credit ratings and seasoned equity offerings in China","display_name":"Does having a credit rating leave less money on the table when raising capital? A study of credit ratings and seasoned equity offerings in China","publication_year":2012,"publication_date":"2012-10-31","ids":{"openalex":"https://openalex.org/W2054878113","doi":"https://doi.org/10.1016/j.pacfin.2012.10.003","mag":"2054878113"},"language":"en","primary_location":{"id":"doi:10.1016/j.pacfin.2012.10.003","doi":"https://doi.org/10.1016/j.pacfin.2012.10.003","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.pacfin.2012.10.003","pdf_url":null,"source":{"id":"https://openalex.org/S29049940","display_name":"Pacific-Basin Finance Journal","issn_l":"0927-538X","issn":["0927-538X","1879-0585"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific-Basin Finance Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5075861912","display_name":"Winnie P.H. Poon","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I165488957","display_name":"Lingnan University","ror":"https://ror.org/0563pg902","country_code":"HK","type":"education","lineage":["https://openalex.org/I165488957"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Winnie P.H. Poon","raw_affiliation_strings":["Department of Finance and Insurance, Lingnan University, Hong Kong"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance and Insurance, Lingnan University, Hong Kong","institution_ids":["https://openalex.org/I165488957"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5040708596","display_name":"Kam C. Chan","orcid":"https://orcid.org/0000-0003-4657-1485","observed_orcids":["https://orcid.org/0000-0003-4657-1485"]},"institutions":[{"id":"https://openalex.org/I94339441","display_name":"Western Kentucky University","ror":"https://ror.org/0446vnd56","country_code":"US","type":"education","lineage":["https://openalex.org/I94339441"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Kam C. Chan","raw_affiliation_strings":["Department of Finance, Gordon Ford College of Business, Western Kentucky University, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, Gordon Ford College of Business, Western Kentucky University, United States","institution_ids":["https://openalex.org/I94339441"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5111631292","display_name":"Michael A. Firth","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I165488957","display_name":"Lingnan University","ror":"https://ror.org/0563pg902","country_code":"HK","type":"education","lineage":["https://openalex.org/I165488957"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Michael A. Firth","raw_affiliation_strings":["Department of Finance and Insurance, Lingnan University, Hong Kong"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance and Insurance, Lingnan University, Hong Kong","institution_ids":["https://openalex.org/I165488957"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5040708596"],"corresponding_institution_ids":["https://openalex.org/I94339441"],"apc_list":{"value":3090,"currency":"USD","value_usd":3090},"apc_paid":null,"fwci":2.0259,"has_fulltext":false,"cited_by_count":19,"citation_normalized_percentile":{"value":0.89535434,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":"22","issue":null,"first_page":"88","last_page":"106"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9721999764442444,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9721999764442444,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.025800000876188278,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0012000000569969416,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/credit-ratings","display_name":"credit ratings","score":0.847000002861023},{"id":"https://openalex.org/keywords/seasoned-equity-offerings","display_name":"seasoned equity offerings","score":0.9789999723434448},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"information asymmetry","score":0.8980000019073486},{"id":"https://openalex.org/keywords/capital-raising","display_name":"capital raising","score":0.6200000047683716},{"id":"https://openalex.org/keywords/chinese-listed-companies","display_name":"Chinese listed companies","score":0.7300000190734863},{"id":"https://openalex.org/keywords/shanghai-and-shenzhen-stock-markets","display_name":"Shanghai and Shenzhen stock markets","score":0.8270000219345093}],"concepts":[{"id":"https://openalex.org/C205208723","wikidata":"https://www.wikidata.org/wiki/Q372765","display_name":"Credit rating","level":2,"score":0.8134517669677734},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6713306307792664},{"id":"https://openalex.org/C1453916","wikidata":"https://www.wikidata.org/wiki/Q2577635","display_name":"Bond credit rating","level":4,"score":0.6160160899162292},{"id":"https://openalex.org/C31348098","wikidata":"https://www.wikidata.org/wiki/Q3423719","display_name":"Credit enhancement","level":4,"score":0.5578704476356506},{"id":"https://openalex.org/C138170105","wikidata":"https://www.wikidata.org/wiki/Q1337949","display_name":"Issuer","level":2,"score":0.5065709352493286},{"id":"https://openalex.org/C24308983","wikidata":"https://www.wikidata.org/wiki/Q5183781","display_name":"Credit reference","level":3,"score":0.4746582806110382},{"id":"https://openalex.org/C68842666","wikidata":"https://www.wikidata.org/wiki/Q1070699","display_name":"Credit history","level":2,"score":0.4636228382587433},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.45887553691864014},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.42518192529678345},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.422005832195282},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.42021268606185913},{"id":"https://openalex.org/C12559387","wikidata":"https://www.wikidata.org/wiki/Q185142","display_name":"Initial public offering","level":2,"score":0.41599804162979126},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4061609208583832},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3894363343715668},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2510325312614441},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.141893208026886},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1016/j.pacfin.2012.10.003","doi":"https://doi.org/10.1016/j.pacfin.2012.10.003","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.pacfin.2012.10.003","pdf_url":null,"source":{"id":"https://openalex.org/S29049940","display_name":"Pacific-Basin Finance Journal","issn_l":"0927-538X","issn":["0927-538X","1879-0585"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific-Basin Finance Journal","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.688.9554","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.688.9554","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://asianfa2012.mcu.edu.tw/fullpaper/10034.pdf","raw_type":"text"},{"id":"pmh:oai:commons.ln.edu.hk:sw_master-1512","doi":null,"is_oa":false,"landing_page_url":"https://commons.ln.edu.hk/sw_master/513","pdf_url":null,"source":{"id":"https://openalex.org/S4377196536","display_name":"Digital Commons - Lingnan (Lingnan University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I165488957","host_organization_name":"Lingnan University","host_organization_lineage":["https://openalex.org/I165488957"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Staff Publications","raw_type":"text"},{"id":"pmh:oai:RePEc:eee:pacfin:v:22:y:2013:i:c:p:88-106","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0927538X12000789","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":21,"referenced_works":["https://openalex.org/W1491464370","https://openalex.org/W1596179068","https://openalex.org/W1822762373","https://openalex.org/W1967120418","https://openalex.org/W1989387771","https://openalex.org/W1997387874","https://openalex.org/W2017273699","https://openalex.org/W2039303125","https://openalex.org/W2055646506","https://openalex.org/W2075195221","https://openalex.org/W2077624569","https://openalex.org/W2079255210","https://openalex.org/W2101919370","https://openalex.org/W2124758339","https://openalex.org/W2132582515","https://openalex.org/W2135112229","https://openalex.org/W2139122730","https://openalex.org/W2182609251","https://openalex.org/W3022374830","https://openalex.org/W3125601827","https://openalex.org/W6635454488"],"related_works":["https://openalex.org/W7097930268","https://openalex.org/W3164406158","https://openalex.org/W2182609251","https://openalex.org/W2910974979","https://openalex.org/W860790569","https://openalex.org/W3187541105","https://openalex.org/W2055646506","https://openalex.org/W2158645519","https://openalex.org/W3048594516","https://openalex.org/W3133332699"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
