The Influence of Institutional Investors on Listed Companies SEO Decision --Based on the research of Chinas A-share listed companies
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.
seasoned equity offering market timing theory institution investor demand
ZHAO Wenjun LU Haizhou
Faculty of management and Economics, Dalian University of Technology, Dalian, China, 116024
国际会议
日本
英文
360-365
2017-07-01(万方平台首次上网日期,不代表论文的发表时间)