摘要
作者通过建立计量经济模型 ,利用实际数据和资料 ,对我国 30家上市公司的融资成本进行了结构性分析。研究结果表明 :我国上市公司股权融资中的“免费资本幻觉”是与股票市场不规范密切相关的。“天下没有免费的午餐”,上市公司应克服“上市圈钱”的冲动 。
The author analyses the financing cost of 30 Chinese public companies through an econometric model and a lot of practical data.The research shows:'the illusion of free capital'in equity financing of Chinese public companise is closely related to the irregularity of China′s stock market.'There is no free lunch in the world'.Chinese public companies should resist the tempation of 'making money by going public',and finance in a sound way.
出处
《南京工业大学学报（社会科学版）》
2002年第1期27-29,34,共4页
Journal of Nanjing Tech University：Social Science Edition
关键词
上市公司
股权融资
融资成本
免费资本幻觉
public company
equity financing
financing cost
illusion of free capital
