我國(guó)國(guó)有股和法人股配股認(rèn)購(gòu)對(duì)配股公告期價(jià)格行為影響的實(shí)證研究.pdf

1、重慶大學(xué)碩士學(xué)位論文我國(guó)國(guó)有股和法人股配股認(rèn)購(gòu)對(duì)配股公告期價(jià)格行為影響的實(shí)證研究姓名：李淑琴申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：會(huì)計(jì)學(xué)指導(dǎo)教師：劉斌20040409重慶大學(xué)碩士學(xué)位論文英文摘要ABSTRACTeightofferingisoneofthemostimportantwaysforourlistedcompaniestaisethefundanditisalsooneoftheimportantwaystodeployresourcei

2、nstockmarketRightofferingwhichwasinclinedtobechoseniscomplainedinstockmarketItisintheprocessofquantitativestudyinacademicfield，whichwasstudiedfromqualitativeBigshareholdersdeterminerightofferingHowevertheyalwaysabandonth

3、eirsubscriptionThedissertationbeginswiththesubscriptionofstateshareholdersandlegalpersonshareholderItthenanalysespriceeffectaroundannouncementperiodofrightofferFirstlythepaperappliestheresearchaboutthisfield，whicharethem

4、aximumcapitalstructureandInformationalasymmetricandfinancialintermediationandadverseselectionandownershipstructurechangeSoempiricalstudypicksupfinancialleverageandsizeoffightofferingandyieldbeforetheperiodtotestthetheory

5、Theresultshowsthatthethreefeaturesarereallysignificantinstatisticalofcomparisonbetweenannouncementperiodandcorresponding35daysperiodandthatarenotsignificantfrommulti—regressionAfterthat，thepaperdiscussesefficientmarketth

6、eoryandownershipstructuretheoryThesecuritiesmarketreachessenti—strongefficiencyBaseonthis，empiricalstudyconsidersthreeannouncementperiodsTheownershipstructureisobviouslydifferentfromwesternlistedcompanies，whichareonebigs

7、hareholdersandnon—circulateofstateshareholdersandlegalpersonshareholderSoempiricalstudyalsoconsidersthesubscriptionofstateshareholdersandlegalpersonshareholderTheresultshowsthatnothingbutthesubscriptionlevelofstateshareh

8、oldersinsignificantlyaffectstockreturnaroundannouncementperiodofrightoffering，Thepaperstilldiscussestherightofferingsystemconcemed，whichprovidessystembackgroundforevidencestudyandtheorybasisforadviceAtlast，theessaybrings

9、forwardcirculationofstateshareholdersstocksandlegalpersonshareholderstocksandcompetitiveownershipstructureandinstitutionalinvestorsandlegalpersonshareholdingstructureKeywords：rightoffering，announcementperiod，subscription