| 我国上市公司分离交易可转债发行的公告效应研究 |
| |
| 引用本文： | 赵红平.我国上市公司分离交易可转债发行的公告效应研究[J].南京航空航天大学学报(社会科学版),2010,12(1):25-30. |
| |
| 作者姓名： | 赵红平 |
| |
| 作者单位： | 东南大学,经济管理学院,江苏,南京,210096 |
| |
| 摘 要： | 分离交易可转债是股权分置改革后我国证券市场上的创新产品，它已成为上市公司再融资的一种重要工具。事件研究的结果发现我国上市公司分离交易可转债的发行公告具有显著的正效应。运用回归分析法对公告效应的影响因素进行分析，发现公告效应主要受相对发行规模和稀释率这两个因素的影响。
|
| 关 键 词： | 分离交易可转债 公告效应 事件研究法 正效应 |
Announcement Effects of Warrant-Bonds: An Empirical Analysis for Chinese Stock Market |
| |
| ZHAO Hong-ping.Announcement Effects of Warrant-Bonds: An Empirical Analysis for Chinese Stock Market[J].Journal of Nanjing University of Aeronautics & Astronautics(Social Sciences),2010,12(1):25-30. |
| |
| Authors: | ZHAO Hong-ping |
| |
| Institution: | ZHAO Hong-ping (School of Economics＆ Management, Southeast University, Nanjing , Jiangsu 210096, China) |
| |
| Abstract: | After the split-share structure reform in China, warrant-bond, the innovative product, has become one of the important instruments for refinancing. The event study analysis shows that announcements of warrant-bonds issued by Chinese listed companies are associated with significant positive abnormal returns. The cross-sectional regression analysis reveals that cumulative abnormal returns are mainly influenced by the relative issue size and dilution rate of the equity. |
| |
| Keywords: | warrant-bonds announcement effects event study methodology positive effects |
| 本文献已被 维普 万方数据 等数据库收录！ |
|
