发行可转换债券与增发股票公司的财务特征

被引:13
作者
刘娥平
机构
[1] 中山大学管理学院
关键词
可转换债券; 增发股票; 公司财务特征; 公司融资方式;
D O I
暂无
中图分类号
F275 [企业财务管理];
学科分类号
1202 ; 120202 ;
摘要
该文运用对比方法,将发行可转换债券与增发股票公司的财务特征进行比较。单变量分析的结果表明,我国上市公司在发行可转换债券和增发股票选择上,主要可以用权衡理论加以解释,代理理论和信息不对称理论的解释力度较差。而logistic回归分析结果表明,财务危机假设在解释两类证券公司特征的差异上起了关键作用。
引用
收藏
页码:105 / 110+128 +128
页数:7
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