上市公司股权再融资的研究

《上市公司股权再融资的研究》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、foundationtoanalyzethefactorsthataffecttherefinancingbehaviorofthelistedcompaniesinChina．Thethirdpartisthestudyonthefistedcompanies’operatingperformancearoundSEO．弛partchoosethecompanieswhichhadmadefightissuing,seasonedequityofferingOrconvertiblebondsin2002assamples．andl珞cthesecompan

2、ies’financedatabetween2001to2004tomakeempiricalanalyze．Thefourpartexplainwhymorethanhalfofthecompanies’operatingperformancehavegenerallydroppedaRerSEO皿clastpartrethinkoftheSEO’forms．Thendrawageneralconclusionofthedissertationandgivesomesuggestionsaboutthelistedcompanies’SEO．⋯一Thekey

3、pointsoftHsthesis：，⋯⋯一’L1卫cSEOisbecomemoreimportant,andtherefinancingisalmost丛importantasIPOinthescaleoffinancing．’2．Afteranalyzesthe‰硌whichaffectthecompanies’behavior,authorfindthatalthoughthecost,theofferingcondition,thebenefitof。thecompany’Srealcontroller,thecirculateequity’Srati

4、o，andthefinancidsituafiooofthecompanywillaffectthebehaviorofthecompany,therealcontroller'sbenefitisthemostimportantfact．·3．Afteranalyzesthelistedcompanies’operatingperformancearoundSE0．thusdrawsaconclusionthatmorethanhalfofthecompanies’operatingperformancehavegenerallydroppedafterSE

5、O，andtheimprovementoftenconcentrateontheoperatingrevenueoroperatingprofit,buttheindexeswhichrepresentativethecompany’SqualitysuchasEVA,EPS．ROEdroppedafterSEO．Thisisdirectlyrelationtothecompanies’motivation,becansetheyonlyfinancedforfinancing．So，theyalsochangethepurposeofthefinancing

6、money．TheseCanalsoaffecttheperformanceofthecompany．Comparedwiththeotherdomesticworks，thisthesishasmadesomecharacteristiesandcontributions：Firstistodiscussedrefinancingbehaviorofthecompaniesinaffectfactors，affecttheperformance，andthegeneralcharacIefistiesoftheref'mancing,thispapermad

7、eaall·aroundstudyonSEOinChina．Secondly,thispapernsethefinancialdatafrom2001to2004．sothedamhavetimeliness，andauthorcomparedRightissuing,SeasonedEquityOffering,2AbsuadConvertibleBonds．SOitrelatingtiglattytotherealsituationinChinanow．。Thirdly,baseonthestudy,authorfindthe‘realcontroUer’

8、Sbenefitisthemostim