| 书目名称 | Private Placement of Public Equity in China |
| 编辑 | Pengcheng Song |
| 视频video | |
| 概述 | First book to investigate both extensively and intensively into Private Placement of Public Equity in China.Discusses the topic Analyzing private placement in China, one of the most interesting empiri |
| 丛书名称 | SpringerBriefs in Finance |
| 图书封面 |  |
| 描述 | 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. |
| 出版日期 | Book 2014 |
| 关键词 | China Stock Market; Private Investment in Public Equity; Private Placement of Public Equity; Private Pl |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-642-55093-5 |
| isbn_softcover | 978-3-642-55092-8 |
| isbn_ebook | 978-3-642-55093-5Series ISSN 2193-1720 Series E-ISSN 2193-1739 |
| issn_series | 2193-1720 |
| copyright | The Author(s) 2014 |
发表于 2025-3-21 17:25:17
