Proceedings of the SSEME workshop on Economics and Management (SSEME-EM 2024)

<Previous Article In Volume
Next Article In Volume>

The Overseas-listed Company Valuation of the Home-market Characteristics, Company Characteristics—the Case of the U.S. and Hong Kong Markets

Authors
Mengmeng Ma1, Ronghua Yi1, 2, *, Ying Yu2
1College of Economics and Management, China Jiliang University, Hangzhou, 310018, China
2College of Modern Science and Technology, China Jiliang University, Yiwu, 322002, China
*Corresponding author. Email: 03a3500009@cjlu.edu.cn
Corresponding Author
Ronghua Yi
Available Online 28 September 2024.
DOI
10.2991/978-94-6463-527-0_9How to use a DOI?
Keywords
The Overseas-listed Company Valuation; Home market characteristics; Company characteristics; Tobin’q model
Abstract

This paper selects overseas-listed companies in the U.S. and Hong Kong markets from 2000 to 2018, and uses the Tobin’q model to analysis the valuation effects on home market characteristics and company characteristics. The results show that: the level of economic development of home market, the size of company, and the financial performance are the main factors affecting the overseas companies’ valuation. The valuation of overseas companies is significantly related to the economic development of home market, but the longer the company’s duration, the lower the correlation between company’s valuation and home market’s economic, and the stronger the dependence on host market. This study provides a few implications for the market and listing companies to improve valuation.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the SSEME workshop on Economics and Management (SSEME-EM 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
28 September 2024
ISBN
978-94-6463-527-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-527-0_9How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Mengmeng Ma
AU  - Ronghua Yi
AU  - Ying Yu
PY  - 2024
DA  - 2024/09/28
TI  - The Overseas-listed Company Valuation of the Home-market Characteristics, Company Characteristics—the Case of the U.S. and Hong Kong Markets
BT  - Proceedings of the SSEME workshop on Economics and Management (SSEME-EM 2024)
PB  - Atlantis Press
SP  - 81
EP  - 90
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-527-0_9
DO  - 10.2991/978-94-6463-527-0_9
ID  - Ma2024
ER  -