Theoretical Analysis and Empirical Research on Capital Markets and Corporate Finance Related Issues

Author: Zhao Dewu
Publisher:
Publish Date: 2006-06-01
Features: This book is organized in thematic chapters, compiling some of the research achievements of our team in the fields of capital markets and corporate finance over the past five years. Further research findings will be released. The content of the book is divided into two parts. The first part is theoretical analysis, including: the allocation and reallocation of corporate financial resources; decision-making ability, risk preference, and risk capital; agency problems, financing contracts, and financial governance; corporate financial expectations and their formation mechanisms; market sensitivity of security prices, information disclosure, and regulation; the role of subscription warrants in mitigating moral hazard in corporate refinancing; comparative analysis of corporate governance structures. The second part is empirical research, including: an empirical analysis of the capital allocation efficiency of listed companies; the behavior of listed companies changing financing and its impact on corporate performance; an event study on the financing change behavior of listed companies; a study on the mechanism of fixed asset investment of listed companies; the correlation between intangible assets of enterprises and future performance; the relationship between the equity structure of listed companies and corporate performance; the performance trends of listed companies after issuing convertible bonds.