Corporate Equity Financing: Preferences and Costs Research: Preferences and Costs Research

Author: Wang Zengye
Publisher:
Publish Date: 2004-04-01
Features: Corporate financing issues, especially the preferences and costs of corporate financing, have become one of the focal points of debate in China's capital markets since the 21st century. From an international perspective to study this issue and provide reference experiences, is the basic starting point of this book. This book systematically organizes and studies corporate financing theory, especially the theory of corporate financing structure and preferences, and proposes the theoretical viewpoints of this book through rigorous mathematical derivation and proof. This book is one of the Financial and Economic Doctoral Theses Series. The book is divided into five chapters. The first chapter is an introduction, which, through a review of the theoretical and practical background, puts forward the research ideas and methods of this book, and summarizes the content structure, research conclusions, and innovations of this book. The second chapter is a review of theories and models. It focuses on analyzing the theory of corporate financing preferences and the measurement model of equity costs. The third chapter, as the theoretical research part of this book, focuses on studying the equity preference of corporate financing. The fourth chapter conducts an empirical analysis comparing equity-only preference. Detailed statistical and analytical results show that both enterprises in developed countries and developing countries maintain relatively stable capital structures and obvious and common equity preferences. The fifth chapter empirically verifies the cost of equity capital. The last is the conclusion. This book comprehensively and systematically summarizes the theoretical and empirical research results related to this issue. Academically speaking, it is of great significance.