Empirical analysis of motives of private placement of listed companies

Author

Dan Zhang ; Lin Song ; Yuan Li ; Jindong Zhao

Author_Institution

Sch. of Econ. & Finance, Xi´an Jiaotong Univ., Xi´an, China

Volume

3

fYear

2013

fDate

23-24 Nov. 2013

Firstpage

605

Lastpage

609

Abstract

This paper studies how the motives of private offering of additional shares of listed companies affect the performance of listed companies, using listed companies having offered private additional shares from 2005 to 2010 as study sample. This study adopts multivariate logistic regression model to empirically analyze which factors affect the motive of private offering of additional shares. This study, from results of analysis, founds that small scale companies with poor historical performance have stronger motives of private offering of additional shares.

Keywords

regression analysis; securities trading; share prices; small-to-medium enterprises; listed company; multivariate logistic regression model; private additional shares; private offering; private placement; small scale company; Companies; Educational institutions; Indexes; Logistics; Monitoring; Security; Timing; Listed companies; empirical analysis; private offering of additional shares (or private placement);

fLanguage

English

Publisher

ieee

Conference_Titel

Information Management, Innovation Management and Industrial Engineering (ICIII), 2013 6th International Conference on

Conference_Location

Xi´an

Print_ISBN

978-1-4799-3985-5

Type

conf

DOI

10.1109/ICIII.2013.6703659

Filename

6703659