上市公司增发、配股与可转换债券再融资的绩效研究

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1、北京交通大学硕士学位论文上市公司增发、配股与可转换债券再融资的绩效研究姓名：侯俊美申请学位级别：硕士专业：会计学指导教师：肖翔20070601ABSTRACTABSTRACT：Enterprise'screation,survivalanddevelopmentarccloselyrelatedtofinancingactivities．Differentfinancingpreferencesandbehaviorswillformdifferentcapitalslrueture,FurthermoretheywillhaveasignificantimpactOntheco

2、rporategovernancestruetm'e,operatingperformanceanddevelopmentstrategies．Thereforefinancingbe∞mesthemajoreventwhichtheenterpriseshouldconsider．AftertheInitiall'ublieOfferings，thefollowingdevelopmentoflistedcompaniesmainlydepends011_itsfinancingability．Currently,thereisnOdirectcomparisonofthepe

3、rformanceofdifferentre,financingmethodsinChina,andthereonlyhaveft．fewdosereferences．Itwillhavearealisticsignificancetostudytheperformanceofdifferentrefinancingmethodsfromthetheoreticalandempiricalaspectsatthisstage．Thispaperplanstotestthel地rformaneeoflistedcompanieswhichUSetheSeasonedequityof

4、fering,Rightsissues01"Convertiblebondstorcflrlanee,SOaStofindthebestrefinaIleingmethodforlistedcompanies．ThisisastartingpointaswellaStheinnovationofthepaper．Thispapermainlyus器theempiricalandnormativecombinationofresearchmethods．First,theauthorsummarizesandanalyzesthepredecessor'sresearcheonel

5、usiort,andproposestheresearchsuppositionsinthisfoundation．Then,theauthortakesthelistedcompanieswhichrefinancingin2004船empiricalsamples．usestheDescriptivestatistics，Nonpara由aetrietests，Factoranalysismethodstostudytheperformanceofthesethreetypescompanies，hopingtoprovidesomehelpforlistedcompanie

6、stomaketherefinancingde．eisionfromtheempiricaloutputs．Avarietyofstatisticalandanalytiealmethodsusedinthispaperisalsooncofthebri曲tspots．Empiricalresultsindicatethatlistedeompani．eswhielareedtheSeasonedequityoffering,Rightsissuesthesetworefinancingmethods。itsperformaneehasshownadownwardtrend；li

7、stedcompanieswhichadoptedtheConvertiblebondsmethod，therewouldbeadecliningtrendinitsperformanceifcomparedintheverticalangle,butthosecompanieshavebetterperformancecomparedwithpairedsamplesinsameprofession；whenmentionedthecomparisontothesethreet