Téléchargez le livre : Private Placement of Public Equity in China

Private Placement of Public Equity in China

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Éditeur :

Springer


Collection :

SpringerBriefs in Finance

Paru le : 2014-04-21

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Description
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.
Pages
80 pages
Collection
SpringerBriefs in Finance
Parution
2014-04-21
Marque
Springer
EAN papier
9783642550928
EAN EPUB
9783642550935
Informations sur l'ebook
Nombre pages copiables
0
Nombre pages imprimables
8
Taille du fichier
420 Ko
Prix
52,74 €

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