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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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23
The new courses can do out of examination-oriented education in tight encirclement.doc
The new courses can do out of examination-oriented education in tight encirclement
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10
突出重围折大家马永安(Tight encirclement, everybody Ma Yongan).doc
突出重围折大家马永安（Tight encirclement, everybody Ma Yongan）
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13
企业如何冲出竞争重围(How enterprises break through the tight encirclement).doc
企业如何冲出竞争重围（How enterprises break through the tight encirclement）
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17
《荣誉勋章突出重围》全攻略(Medal of Honor the encirclement).doc
《荣誉勋章突出重围》全攻略（Medal of Honor the encirclement）
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13
企业如何冲出竞争重围(How can the enterprise break through the tight encirclement of competition).doc
企业如何冲出竞争重围（How can the enterprise break through the tight encirclement of competition）
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15
美国是怎样在欧洲的重重围堵中强力崛起的(How did the United States rise strongly in Europe´s heavy encirclement).doc
美国是怎样在欧洲的重重围堵中强力崛起的（How did the United States rise strongly in Europe´s heavy 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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