The Influence of Institutional Investors on Listed Companies SEO Decision --Based on the research of Chinas A-share listed companies

摘要：

　　Institution investors have become the principal part of capital market in China and their impact is getting bigger and bigger in refinancing.To a certain extent, institutional investors need represents the market need.On the base of Market timing hypothesis, we use the change of institutional investors number to represent their need of stock and use multiple linear regression model to analyze the influence of the institutional investors need for SEO.The results show that the higher demand of institutional investors, the possibility of SEO is also higher.

关键词： seasoned equity offering market timing theory institution investor demand

作者: ZHAO Wenjun LU Haizhou

作者单位: Faculty of management and Economics, Dalian University of Technology, Dalian, China, 116024

会议类型: 国际会议

会议名称: The 9th (2017)International Conference on Financial Risk and Corporate Finance Management(第九届(2017)金融风险与公司金融国际研讨会)

会议地点: 日本

会议语种:英文

页码: 360-365

在线出版日期: 2017-07-01（万方平台首次上网日期，不代表论文的发表时间）