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Chinese Abstract: 融資限制指的是:公司無法按照最適投資所要求的條件來取得外部資金, 以致無法達到最適投資。本研究建構一個基於盈餘資訊性的融資限制之理論模...
Persistent link: https://www.econbiz.de/10013016839
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
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
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
market. In recent years, China's future flow securitization segment has witnessed multiple credit risk events, and some … scholarly work have expressed opinions that the products involved in those credit risk events have overrated credit ratings …'s future flow securitization products. Those three biases are associated with the first three modules of the four-risk …
Persistent link: https://www.econbiz.de/10012847239
futures are not treated as financial derivatives, naïve hedge outperforms complex models. If the futures pricing theory is …
Persistent link: https://www.econbiz.de/10012930120
Chinese Abstract: 本研究承襲李世欽、劉任昌與葉馬可 (2014) 對於企業發放現金股利之分析架構,試圖補充該研究之美國市場樣本僅有2005年之不足,而蒐集美國市場2013年第四季之資料...
Persistent link: https://www.econbiz.de/10013029572
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