Major shareholders control the behavior of rights offerings and financing costs

Author: Zhu Kai
Publisher:
Publish Date: 2006-11-01
Features: This book selects 513 listed companies that conducted rights offerings on the Shenzhen Stock Exchange and Shanghai Stock Exchange from 1998 to 2001 as research samples. Using multiple analytical methods and taking the rights offering regulatory policies in the Chinese stock market as the institutional background, it constructs a theoretical framework for the rights offering behavior of controlling shareholders of Chinese listed companies and its impact on corporate value, based on a review of existing literature. Starting from this point, the book focuses on the following two aspects: first, the economic determinants of controlling shareholders' rights offering subscription behavior; second, the impact of controlling shareholders' rights offering subscription behavior on the rights offering financing costs of the company.