they are high growth company, much more sensitive to financial events.
2, weaker corporate governmence compared to local peers. CAO is one typical example, ironically, CAO was awarded the "most transparent listed company" in 03 or 04.
3. short track record and weaker financial balances.
one example is People food. when the founder was reported to have financial problems in 2005, the stock price plunged...
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