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《Journal of Finance and Economics》 2009-01
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An Empirical Analysis of Implementation Effect of Delisting Provision in China

FENG Yun1,LIU Yan-qin2(1.Antai College of Economics & Management,Shanghai Jiao Tong university,Shanghai 20052,China;2.Shanghai Branch,Agricultural Bank of China,Shanghai 200023,China)  
The paper makes an empirical analysis on the implementation effect of delisting provision in China through Logistic regression analysis.The results indicate that the assets quality and profit-earning ability of ST listed companies have no significant impacts on retaining listing qualification,and the performance of ST listed companies still widely gets worse after the special treatment has been revoked. It indicates that listed companies lack of concerns on the improvement of operation performance,thus the positive effect of delisting mechanism has been weakened in the long term.
【CateGory Index】: F272;F224
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