Determinants and Characteristics:The Choice Among SEO, CB, GDR and ECB / 台灣上市公司海內外融資工具選擇因素與公司特性之研究

碩士 / 國立屏東科技大學 / 財務金融研究所 / 96 / This study emphasizes on the determinants of issuing domestic and foreign securities which are global depository receipts, euro convertible bonds, seasoned equity offerings, and convertible bonds. There are 412 samples of Taiwan’s listed companies from 2003 to 2006. This research is based on the multinomial logit model. The empirical results support that large companies and the companies with better growth opportunities prefer financing abroad. Besides, the companies with higher financial leverage and profitability tend to select issuing domestic securities. In addition, the foreign exchange rate is related to the choice of financing in foreign markets.

Identiferoai:union.ndltd.org:TW/096NPUS5304016
Date January 2008
CreatorsYa-Hsuan Liao, 廖亞旋
ContributorsKui-Hui Lin, 林坤輝
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format32

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