Atnaujintas knygų su minimaliais defektais pasiūlymas! Naršykite ČIA >>
By retrieving entries from the financial-data vendor Wind and collecting relevant data from private placement statements, the author builds a proprietary database and studies five aspects of private placement in China. He examines which listed firms are more likely to choose private placement over SEO in refinancing; he looks into the controlling shareholder¿s decision on whether or not to purchase privately placed shares; he investigates how the offer discount is determined; he calculates announcement periods for abnormal returns on private placements. Where the abnormal return is significantly positive, he documents positive long-run abnormal return on private offerings and evidence supporting the under-reaction hypothesis. Finally, he concludes that the largest shareholders tunnel by means of excess discounts from which they benefit but which is harmful to other shareholders.
| Autorius: | Pengcheng Song |
| Serija: | SpringerBriefs in Finance |
| Leidėjas: | Springer Berlin Heidelberg |
| Išleidimo metai: | 2014 |
| Knygos puslapių skaičius: | 96 |
| ISBN-10: | 3642550924 |
| ISBN-13: | 9783642550928 |
| Formatas: | 235 x 155 x 6 mm. Knyga minkštu viršeliu |
| Kalba: | Anglų |
Parašykite atsiliepimą apie „Private Placement of Public Equity in China“
