Empirical Study on the Self-restraint Mechanism of Dual Listing Evidence from China's AH Dual-listed Companies

摘要

Using paired samples T test and panel data model, we studied self-restraint mechanism of AH dual-listed 45 non-financial companies listed before 2007. The results showed that, as a self-restraint mechanism, dual listing can increase the level of corporate governance, but can not prevent affiliate transaction against the interests of shareholders or improve the company's operating performance. At last, we put forward relevant policy recommendations.