摘要
通过探讨西方融资信号理论在中国特殊制度背景下的适用性,以及与控制权收益之间的互动关系,可以证明,尽管我国股权再融资传递投资机会和现有资产价值信号的功能被削弱了,但它可以向投资者传递较高控制权收益的信号。
Based on analyzing the applicability of western theory of financing signal in China and the relationship with yield of control rights, this paper shows that equity re-financing can be a signal of high yield of control rights in China, even though it is a weaker one of investment opportunity and current assets price.
出处
《经济理论与经济管理》
CSSCI
北大核心
2006年第8期24-29,共6页
Economic Theory and Business Management
关键词
股权再融资
控制权收益
投资机会
现有资产
equity re-financing
yield of control rights
investment opportunity
current assets
