Research on Capital Operations Based on the Corporate Life Cycle

Author: Li Yaoquan
Publisher:
Publish Date: 2006-12-01
Features: The content of this book mainly consists of two parts: one is the operational mechanism, which is primarily based on some research work we have done on venture capital over the years, studying the basic principles of capital operations along the main line of the corporate life cycle. The main content includes: angel capital, venture capital, initial public offerings (IPOs), and follow-on financing, as well as mergers and acquisitions. It covers the cycle of angel capital and venture capital, the basic procedures of IPOs and follow-on financing, and the fundamental principles of mergers and acquisitions, etc. This is a theoretical monograph on the study of corporate capital operations, including: the market behavior and government behavior of angel capital investment; the short-term abnormal returns and long-term market performance of IPOs; the IPOs supported by venture capital and their economic explanations; the selection of target companies in mergers and acquisitions, short-term market reactions, and long-term performance, etc. It attempts to integrate the latest developments in modern financial economics, including the Capital Asset Pricing Model (CAPM), capital structure theory, and other content. This book is suitable for reference and study by corporate management personnel.