Title :
Notice of Retraction
Corporate control and choice of seasoned equity offering based on Chinese directional add-issuance´s motivation
Author_Institution :
Finance Management Department, Business Administration School, South China University of Technology, Guangzhou, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
When the share rights concentration degree is high big shareholder will become the ultimate controlling owners of the listed company. This paper studies the preference of the directional add-issuance based on the realities of China capital market, and studies the effect of the historical performance, share rights concentration, asymmetric information, and operation risk on the re-financing options by empirical analysis. Its results show that the effect of share rights concentration on preference of the directional add-issuance is significant, and the lower share rights concentration, the bigger is the motivation of directional add-issuance. All that shows the preference of directional add-issuance is due to strengthen the control rights.
Keywords :
Companies; Equations; Indexes; Investments; Logistics; Mathematical model; Security; Corporate Control; Corporate Governance; Directional Add-issuance; Seasoned Equity Offering;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5881485
