期刊文献+

基于Longstaff期权定价理论的定向增发折价因素探析 被引量:1

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摘要 本文以2006.1.1-2011.12.31成功进行定向增发的391家上证A股上市公司为样本,在前人研究基础上进行创新——用Longstaff期权定价模型对定向增发后限售股定价,以此为基础计算定向增发折价率并探析影响定向增发折价率因素。大股东认购比率显著负影响定向增发折价率,否定了低价定向增发对大股东进行财富转移假说。本文研究还表明,定向增发折价受到二级市场投资者情绪和信息对称程度因素显著影响。
作者 丁一
出处 《金融经济(下半月)》 2012年第6期82-84,共3页
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共引文献212

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