Comparing the profit effect between the warrant and financing
| Autor: | Ming-Chieh Hsu, 許明杰 |
|---|---|
| Rok vydání: | 2007 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 95 This research main is discussion the investment reward rate of the warrant and the financing transaction when the sign stock price rise. As to this two investments tools whether the reference information contained. Attempts discover the investment to make more profit. This research sample is that the sector of electronic stock it allowed credit financing and warrant by the period from June, 2004 to March, 2007. There are 15 stock which price had reward 50% stock in the period. All of the research sample total are 124. For main research sample uses TEST T. ANOVA and Nonparametic. According to the sample the result of this research: 1. In Taiwan’s investment market, as sentence stock have upward situation future in advance, we can observe the warrant which was in the price of internal and external degree. In other words the decision will depend on the major stock price to be in inside and outside the price the degree. 2. The warrant is higher than the financing transaction may be achieve then the investment cost higher. It is close the financing transaction leverage therefore undertakes. But thinking about the increase risk, We must choice the financing transaction or the warrant trades outside the sale price to achieves the greatest investment reward. 3.With the view of the cost of investment, and in order to getting more profit-making result, getting convertible the new listing warrant if we have an optimistic view of the target continuously upwardly, and the warrant already reach the degree in prices, the investment tactics of operation strategy getting convertible the new listing warrant . |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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