制度变迁、股权再融资与股价崩盘风险

被引：4

作者：

谢雅璐 ^{[1
]}

机构：

[1] 闽南师范大学商学院

来源：

投资研究 | 2015年 / 34卷 / 11期

关键词：

制度变迁; 股权再融资; 股价崩盘风险;

D O I：

暂无

中图分类号：

F832.51 [];

学科分类号：

020204 ; 1201 ;

摘要：

选取上市公司A股数据为样本,考察了制度变迁、股权再融资方式与股价崩盘风险的关系。研究表明,公开增发的实施会增加股价崩盘风险,但是随着股权分置改革制度的实施,二者的正相关关系得到缓解。定向增发的实施可以降低股价崩盘风险,但针对机构投资者的定向增发对股价崩盘风险的影响不明显。这表明,谨慎选择融资方式,可以有效预防股价崩盘风险;进行金融制度改革,有效的规范证券市场,也是一种治理股价崩盘风险的有效途径。

引用

页码：22 / 41

页数：20

共 29 条

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