Equity refinancing of listed companies

Author: Guan Zheng
Publisher:
Publish Date: 2006-03-01
Features: This book employs modern refinancing theory and corresponding empirical research methods to conduct a relatively comprehensive study on the "mystery" of equity refinancing by Chinese listed companies. First, it reviews and evaluates the theory of corporate refinancing, using the theories of information asymmetry, free cash flow, and window of opportunity to conduct theoretical analysis and empirical testing of the preference for equity refinancing by listed companies. Second, it summarizes and evaluates theoretical research and relatively comprehensive empirical studies on the choice of equity refinancing methods for listed companies. Finally, it proposes corresponding policy recommendations.