The Influence of Institutional Investors on Listed Companies' SEO Decision-Based on the research of China's A-share listed companies

被引：0
|
作者：
Zhao Wenjun [1 ]
Lu Haizhou [1 ]
机构：
[1] Dalian Univ Technol, Fac Management & Econ, Dalian 116024, Peoples R China
来源：
PROCEEDINGS OF THE 9TH (2017) INTERNATIONAL CONFERENCE ON FINANCIAL RISK AND CORPORATE FINANCE MANAGEMENT | 2017年
关键词：
seasoned equity offering; market timing theory; institution investor demand;
D O I：
暂无
中图分类号：
K9 [地理];
学科分类号：
0705 ;
摘要：
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.
引用
收藏
页码：360 / 365
页数：6
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