Showing 1 - 10 of 9,805
" (SEOs) in China during the period from 1 January 2001 to 1 July 2006. Duration analysis is applied by using the … on financing decisions in China contradicts the predictions of both the trade-off theory and the pecking order theory … China under-utilize the tax shield of debt. The most surprising finding is that profitability is positively related to the …
Persistent link: https://www.econbiz.de/10013121555
This paper investigates the determinants of new equity offerings and estimates its costs in sample selection model. The main finding is that a weak capital base is one of the key driving forces of the new issuance around the recently strengthened Basel regulations, although banks were not...
Persistent link: https://www.econbiz.de/10013028111
This paper investigates the determinants of new equity offerings and estimates its costs in sample selection model. The main finding is that a weak capital base is one of the key driving forces of the new issuance around the recently strengthened Basel regulations, although banks were not...
Persistent link: https://www.econbiz.de/10013028112
We examine the impact of blockholding on shareholders' wealth in equity offerings in China. We find that investors … firms only. Collectively, the findings suggest that equity offerings in China signal the issuers' future financial …
Persistent link: https://www.econbiz.de/10013091919
We reveal motivations of Chinese firms for issuing Seasoned Equity Offerings (SEO) by examining why firms change the use of SEO proceeds and how they use unspecified SEO proceeds. Using 533 SEOs issued by Chinese firms during 1999 - 2006, we find that firms do not use unspecified SEO proceeds on...
Persistent link: https://www.econbiz.de/10010477889
employed by listed firms in China: public offering, rights offering, and private placements. The dominant flotation method …
Persistent link: https://www.econbiz.de/10013289473
Persistent link: https://www.econbiz.de/10013013478
We study “At-The-Market” (ATM) equity offerings, which are direct share issuances sold in the secondary market that forgo underwriters and “dribble-out” shares over time rather than raising them all at once. Enabled in 2008, their use has increased dramatically, and in 2016 their...
Persistent link: https://www.econbiz.de/10012938632
Persistent link: https://www.econbiz.de/10009011592
This paper examines how constraints on firms' financing capacity relate to managers' discretionary accounting choices. Three hypotheses of earnings management — the opportunism hypothesis, the rational expectations hypothesis, and the signaling hypothesis — predict that constrained firms...
Persistent link: https://www.econbiz.de/10013007556