Competitors’ stock price reactions in response to private equity placements: evidence from a transitional economyFootnote^*
* The authors wish to thank the participants at the Seminars on Accounting and Finance at Xi’an Jiaotong University, Xi’an International Studies University, 20th ‘SFM conference’ in Taiwan, 11th ‘International Symposium on Empirical Accounting Research in China’ in Beijing, ‘American Accounting Association Annual Meeting’ in August 2013, Anaheim, CA, and the ‘Accounting and Finance Association of Australia and New Zealand’ Conference in July 2014, Auckland, New Zealand for their comments and insights on earlier versions of the paper.

M. M. FonsekaDepartment of Accounting & Finance, School of Management, Xi’an Jiaotong University, Xi’an, PR ChinaCorrespondence[email protected]

R. L. Theja N. RajapakseSchool of Management, Xi’an Jiaotong University, Xi’an, PR China

Gao-Liang TianDepartment of Accounting & Finance, School of Management, Xi’an Jiaotong University, Xi’an, PR China

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