Empirical Study of the Listing Firms Raising Funds from Overseas Capital Markets: Financial Factors and the Choice of the Foreign Capital Markets / 上市公司赴海外資本市場募集資金之研究--企業特性與發行市場之選擇

碩士 / 文化大學 / 會計研究所 / 85 / The major purpose of this study is to examine the effect
of various fac-tors on the willingness of listing firms to raise
capital from foreign capitalmarkets, and the choices of foreign
capital markets. Results of the study are as follows:1.Firm
size, degree of the assets expansion, degree of dependance on
foreign countries, and industries attributes are the main
factors influencing deci- sions to raising funds abroad.2.Agent
cost also influence the ways to raise capital from overseas, but
pro- fitability and capital structure weren''t found to be
significant. Besides, the factor of company growth ability is
significant for electric industry.3.United States, Switzerland,
Luxembourg, Singarpore, Hong Kong, U.K. and the Japan are found
to be the most popular areas for issuing DR, bonds and for-
eign listing.4.When electing foreign capital market, the main
considerations are the size of foreign capital market and
consulting advices by investment banks.

Identiferoai:union.ndltd.org:TW/085PCCU0385009
Date January 1997
CreatorsLin, Chih-yen, 林志彥
ContributorsShiue, Fujiing, 薛富井
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format117

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