The Study on the News Effect of Original Shareholder's Subscribe Proportion in Seasoned Equity Offerings
| Autor: | Wen-hui Zhu, 朱文惠 |
|---|---|
| Rok vydání: | 2013 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 101 With the development of technology, there are too many channels for investors to get news about the firms. And we can also get information about the market’s environment from opinion of News. Therefore, it is critical to get correct messages from news. This study is going to examine the news effect on insider shareholders’ behavior in cases of seasoned equity offerings, selecting cases from 2010 to 2012 years as empirical sample. We found the result as (1) Opinion of news has information value, and the news effect will result in the changes of insider shareholding ratio. (2) The sentiment opinions in news have the significant negative effect on Original shareholder’s Subscribe Proportion. (3) Corporate governance has a significant positive effect on Original shareholder’s Subscribe Proportion. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|