A Study on IPO of CITIC Securities Company

被引：0
|
作者：
Chen, Chao [1 ]
Zhao, Wuyang [1 ]
机构：
[1] Fudan Univ, Sch Management, Shanghai 200433, Peoples R China
来源：
FRONTIERS OF BUSINESS RESEARCH IN CHINA | 2012年 / 6卷 / 03期
基金：
中国国家自然科学基金;
关键词：
CITICS; IPO; first-mover advantage; ownership structure; competitive dynamics;
D O I：
10.3868/s070-001-012-0020-3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
On January 6, 2003, CITIC Securities Co., Ltd. (CITICS hereafter) issued A-shares in the Shanghai Stock Exchange to become the first public listed securities company through IPO in China. CITICS's net capital rose to about 5 billion yuan, much higher than any other competitor. This teaching case aims to demonstrate how a company gains first-mover advantage as being the first company to go public in an industry, how its competitors respond by changing their strategies after the IPO, and consequently, how a series of relevant events influence the competition. This case offers important implications for understanding the competitive dynamics of a securities company in China.
引用
收藏
页码：435 / 446
页数：12
相关论文
共 50 条
12345