Major shareholder control, rights offering behavior, 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, it takes the regulatory policy of rights offerings in the Chinese stock market as the institutional background to construct a theoretical framework for the rights offering behavior of controlling shareholders of Chinese listed companies and its impact on corporate value. It focuses on two issues: first, the rights offering subscription by controlling shareholders