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中小投资者保护、股权结构与公司价值
Chen, Yan - 2007
The purpose of this paper is to investigate the relationship between investor protection and corporate valuation. “Tunneling effects” which means that the controlling shareholders enrich themselves by expropriating the rights and interests of minor shareholders are usually referred in recent...
Persistent link: https://www.econbiz.de/10015214992
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The Motivations of Issuing Convertible Bonds - An Inquiry regarding the Sequential-Financing Hypothesis
Chen, Chun-Da; Hung, Fu-Pin; Chen, Dar-Hsin; Lin, Hsin-Ho - In: Journal of Economics and Management 4 (2008) 2, pp. 229-250
The aim of this paper is to re-examine the sequential-financing hypothesis in the context of convertible bond issuances from firms listed on the Taiwan Stock Exchange from 1994 to 2003. The results contend that announcements of convertible debt offerings are, on average, associated with...
Persistent link: https://www.econbiz.de/10008541454
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The Determinants of Corporate Debt Financing Strategies
Wang, Han-Min; Tsaur, Shiow-Huey - In: Journal of Economics and Management 2 (2006) 1, pp. 53-70
This paper employs an incremental approach to explore the determinants of corporate debt financing strategies such as the factors of the issuing costs, information asymmetry, growth opportunity, credit quality and managerial ownership. Addition to univariate analysis model, we use multiple logit...
Persistent link: https://www.econbiz.de/10008555953
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MM 命题 : 重新思考 (MM Proposition: Re-think)
Chen, Deng-Ta - 2020
Chinese Abstract: MM 命题的最大贡献是提出完美市场假设和使用套利证明方法。本文回顾了完美市场假设和无套利原理,然后对 MM...
Persistent link: https://www.econbiz.de/10012854798
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持有成本与期货最优套期保值 (The Cost of Carry and the Optimal Hedge in Futures Market)
Chen, Deng-Ta - 2018
English Abstract: We employ a new method for hedge in futures market. The new method brings futures' hedge from … statistical games back to its original financial nature of derivatives pricing. Thus the estimation of hedge ratio is simplified … pound GBP futures, and crude oil futures. We find that: If we estimate the hedge ratio using traditional methods, where …
Persistent link: https://www.econbiz.de/10012930120
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臺灣上市公司違約支付現金股利之研究 (A Study on Delay and Default on Paying Cash Dividends by Taiwanese Firms)
Liu, Jen-Chang - 2015
Chinese Abstract: 在臺灣金融市場歷史，上市公司在除息後，未能在半年內支付現金的案例是：英誌與科風。前者在除息後的第582日才支付現金，後者至今...
Persistent link: https://www.econbiz.de/10013023691