上市公司非公開發(fā)行價(jià)格影響因素的實(shí)證研究——基于我國(guó)A股市場(chǎng)的經(jīng)驗(yàn)證據(jù).pdf

1、杭州電子科技大學(xué)碩士學(xué)位論文上市公司非公開發(fā)行價(jià)格影響因素的實(shí)證研究——基于我國(guó)A股市場(chǎng)的經(jīng)驗(yàn)證據(jù)姓名：俞佳申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：會(huì)計(jì)學(xué)指導(dǎo)教師：黃衛(wèi)紅20091201杭州電子科技大學(xué)碩士學(xué)位論文IIABSTRACTNonpublicofferingplaysapivotalroleinSPOoflistedcompanies.Nomatterinfeigndomesticstockmarketsmostlistedcompanies

2、choosenonpublicofferingtorefinance.Nootherwayscanmatchitsamountsfrequency.Whileintheprocessthepriceofnonpublicofferingweighsme.Itdetermineswealthdistributionrefinancingroleoperationofcapitalmarkets.Thusit’smeaningfultost

3、udynonpublicoffering.Firstintroducethebackgroundmeaningpointstheobjectis:(1)thefactsofnonpublicoffering(2)theproblemintheprocessofdeterminationpricegivesuggestions.Thecreationisthattherearedistinguishingopinionsthroughnu

4、mericaldeductiontoproverelatedtheiessuccessfully.Thenanalyzerelatedtheiesincludingtheasymmetricinfmationtheyequilibriumtheyofsupplydempricepressurespsychologicaltheythedualsharestructuremodelproofthey.Whileintheprocessof

5、analyzingtheiesnumericaldeductionsplayasignificantroleprovethemfurther.ThethirdpartcombineswiththeactualsituationinChinastockmarketsthroughtherelevanttheiestoderivetheimpactoffactsofnonpublicofferingincludingspecifictarg

6、etstherelevantissuesizestockpricepricetoearningsratiototalmarketvalueofthesizeownershipstructure.Afterstudynumericalrelationsbetweenpriceitsfactsmakeassumptions.Thefthpartusetheabovefactstoestablishmultiplelinearregressi

7、onmodelonthebasisoftheevidencefromChina’sAsharemarketarepresentativesamplebyLogisticregressionanalysisshowsthatwhenspecifictargetisthecontrollingshareholderactualcontrollerthecontrolledenterprisethepriceistoohighotherwis

8、ethepriceistoolow.Theassumptionspricetoearningsratiorelevantissuesizestockpriceisattheinversedirectionwiththepricedohold.Theassumptionthattotalmarketvalueofthesizeownershipstructureofnon–publicofferingpricedinversedirect

9、iontopricedonothold.Atlastgiverelevantrecommendationstopricingfnonpublicoffering.Finstancegivesuggestionsabouthowtodeterminethedateofnonpublicofferingidealizethepricerulethedisclosureofaccountinginfmationsoon.KeyWds:nonp