| 000 | 02562nam a22004335i 4500 | ||
|---|---|---|---|
| 001 | 978-3-642-55093-5 | ||
| 003 | DE-He213 | ||
| 005 | 20200420211741.0 | ||
| 007 | cr nn 008mamaa | ||
| 008 | 140421s2014 gw | s |||| 0|eng d | ||
| 020 |
_a9783642550935 _9978-3-642-55093-5 |
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| 024 | 7 |
_a10.1007/978-3-642-55093-5 _2doi |
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| 050 | 4 | _aHG1-HG9999 | |
| 072 | 7 |
_aKFF _2bicssc |
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| 072 | 7 |
_aBUS027000 _2bisacsh |
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| 082 | 0 | 4 |
_a332 _223 |
| 100 | 1 |
_aSong, Pengcheng. _eauthor. |
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| 245 | 1 | 0 |
_aPrivate Placement of Public Equity in China _h[electronic resource] / _cby Pengcheng Song. |
| 264 | 1 |
_aBerlin, Heidelberg : _bSpringer Berlin Heidelberg : _bImprint: Springer, _c2014. |
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| 300 |
_aXVI, 80 p. 3 illus. _bonline resource. |
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| 336 |
_atext _btxt _2rdacontent |
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| 337 |
_acomputer _bc _2rdamedia |
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| 338 |
_aonline resource _bcr _2rdacarrier |
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| 347 |
_atext file _bPDF _2rda |
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| 490 | 1 |
_aSpringerBriefs in Finance, _x2193-1720 |
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| 505 | 0 | _aIntroduction -- Literature Review -- Choice of the Issuing Firm and Its Controlling Shareholder -- Determinants of Private Placement Discount -- Announcement Effect -- Long-term Performance of Private Placements in China -- Conclusion: from the Perspective of Interest Parties. | |
| 520 | _aBy retrieving entries from the financial-data vendor Wind and collecting relevant data from private placement statements, the author builds a proprietary database and studies five aspects of private placement in China. He examines which listed firms are more likely to choose private placement over SEO in refinancing; he looks into the controlling shareholder's decision on whether or not to purchase privately placed shares; he investigates how the offer discount is determined; he calculates announcement periods for abnormal returns on private placements. Where the abnormal return is significantly positive, he documents positive long-run abnormal return on private offerings and evidence supporting the under-reaction hypothesis. Finally, he concludes that the largest shareholders tunnel by means of excess discounts from which they benefit but which is harmful to other shareholders. | ||
| 650 | 0 | _aFinance. | |
| 650 | 1 | 4 | _aFinance. |
| 650 | 2 | 4 | _aFinance, general. |
| 710 | 2 | _aSpringerLink (Online service) | |
| 773 | 0 | _tSpringer eBooks | |
| 776 | 0 | 8 |
_iPrinted edition: _z9783642550928 |
| 830 | 0 |
_aSpringerBriefs in Finance, _x2193-1720 |
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| 856 | 4 | 0 | _uhttp://dx.doi.org/10.1007/978-3-642-55093-5 |
| 912 | _aZDB-2-SBE | ||
| 942 | _cEBK | ||
| 999 |
_c50683 _d50683 |
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