| 摘要: |
| 股权再融资方式选择对公司整体价值的影响是理论界和实务界关注的重点。本文选取1998—2011年的股权再融资数据，对比研究在监管政策的驱动下，上市公司配股、公开增发和定向增发三种股权再融资方式对公司价值的影响。研究结论为选择配股方式再融资的公司价值大于非配股再融资公司的价值，而选择公开增发方式再融资的公司价值小于非公开增发再融资公司的价值，选择定向增发再融资公司的价值也小于非定向增发再融资公司的价值。 |
| 关键词: 股权再融资方式 价值效应 政策驱动 |
| DOI： |
| 分类号: |
| 基金项目: |
|
| Comparison of the Value Effect about Different SEO Flotation Methods under Regulatory Policy driven |
|
BI Jin ling, ZHAO Yu ling
|
| Abstract: |
| The effect of the SEO to company’s overall value is the focus of theoretical and practical circles . In this paper,we selects the Chinese SEO data from 1998 to 2011,and compare the difference of the placement of shares, public issuance and private placement to the company’s overall value under regulatory policy.We find the value of companies that choose the placement of shares is greater than the others’, while value of companies that choose the public issuance is less than the non public issuance company’s value, the private placement is the same. |
| Key words: SEO flotation methods choice company’s value policy driven |
