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全部 2024年 2023年 2022年及以前
37
Debt Financing, Money Encirclement, and Ownership Structure of Chinese Listed Firms.pdf
Unique institutional structure of Chinese stock market often leads to the distortion of corporate financing behavior, a phenomenon that has been widely documented in the literature. However, most previous studies in this field have concentrated on equity financing, especially rights offering while ignoring debt financing as an important alternative. Since the controlling shareholders usually provide resource injection when firms go public, they have a strong desire to raise as much external capital as possible while expropriating resources from the newly listed firms as a payback. This feat can be accomplished by using the proceeds from rights offering as a reserve for further debt financing. This paper examines the financing behavior of firms after making the decision to utilize rights offering. Empirical findings suggest that debt financing is significantly increased after rights issuance, which results in a higher leverage ratio. Leverage changes are positively influenced by the pr
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21
Decentralized multi-robot encirclement of a 3D target with guaranteed collision avoidance.pdf
Decentralized multi-robot encirclement of a 3D target with guaranteed collision avoidance
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2
circumferential abdominal skin defect possibly due to umbilical cord encirclement.pdf
circumferential abdominal skin defect possibly due to umbilical cord encirclement
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5
a minimal encirclement algorithm for blockade problem with its application.pdf
a minimal encirclement algorithm for blockade problem with its application
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6
Anal encirclement with a simple prosthetic sling for faecal....pdf
Anal encirclement with a simple prosthetic sling for faecal…
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6
UAVs in Formation and Dynamic Encirclement Via Model....pdf
UAVs in Formation and Dynamic Encirclement Via Model…
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6
Distributed Target Localization and Encirclement with a Multi....pdf
Distributed Target Localization and Encirclement with a Multi…
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1
Inferior Vena Cava Encirclement by Caudate Lobe Hypertrophy....pdf
Inferior Vena Cava Encirclement by Caudate Lobe Hypertrophy…
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