This paper makes pragmatic study on the refinancing order of listed corporation in China. The results show that order is internal financing, equity financing and debt financing.
As the current development of China's direct financing and indirect financing is very uneven, it is no longer enough only to focus on equity financing to increase the proportion of direct financing.
Learning from the experience of overseas clubs, the paper puts forward the countermeasures as follows: the equity financing; the credit guarantee financing by loaning of the strong holders; listing financing of the overseas second stock market.
equity financing ? otherwise known as securities ? and debt financing.
The third is in the direct financing of its over-dependence on equity financing.
Firstly, the dissertation generally analyzes the relations of financial statement fraud and equity financing predicament.
Finance literature has mainly looked at the cost implication of debt versus equity financing when considering the determinants of a firm's innovation strategy.
In the law, which is an equity financing.
In addition, trust in the safety of equity financing discounts are also changing.
More equity financing is needed to diversify the mix of corporate funding, and to take the pressure off a banking system that is weighed down by dud loans.
Part 5 continues the analysis of the financing decision, covering dividend policy and the mix of debt and equity financing.
Diversification strategy?Economic performance and Capital Structure--An explanation of equity financing preference of China s listed companies;
According to the modern finance theory, internal financing would be enterprises 'first choice, then the debt financing, and lastly the equity financing.
In China, a popular viewpoint is the preference of equity financing, that is, equity financing is prior to debt financing.
A joint venture formed by Carlyle Group and Tiger Group Investments, which is based in Hong Kong, launched one of the biggest private-equity financing deals to date in shipping.
American firms have traditionally relied more on equity financing.
The phenomenon that China corporations prefer equity financing can hardly be unpuzzled by traditional pecking order theory.
We found that corporate social responsibility disclosures can significantly reduce the cost of equity financing, but no significant effect on debt financing cost.
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