| dc.contributor | 財管系 | - |
| dc.creator (作者) | 周冠男;陳妙珍 | zh_TW |
| dc.creator (作者) | Chou, Robin K. | - |
| dc.date (日期) | 2014-12 | - |
| dc.date.accessioned | 8-Jan-2015 18:06:25 (UTC+8) | - |
| dc.date.available | 8-Jan-2015 18:06:25 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-Jan-2015 18:06:25 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/72729 | - |
| dc.description.abstract (摘要) | This study examines the long-run stock return and operating performance following private debt placements. Presumably, private debt investors are more sophisticated and can monitor the issuing firms more effectively. Prior research suggests that the equity and public debt issuers underperform various stock return benchmarks in the long run. It is also found that the long-run operating performances significantly deteriorate for equity and public debt offering firms. It is generally concluded that managers time the market when issuing equities and public debts. In contrast, we do not find any consistent patterns of long-run under- or over-performance in stock returns and operating measures following private debt placements. Due to tighter monitoring, the information asymmetry problems are mitigated for private debt placements. | - |
| dc.format.extent | 184274 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | 臺大管理論叢, 25卷1期 , P33 - 62 (NTU Management Review) | - |
| dc.title (題名) | Long-run Stock Returns and Operating Performance Following Private Debt Placements | - |
| dc.title.alternative (其他題名) | 私下募集債券之長期財富移轉效果與經營績效之研究 | zh_TW |
| dc.type (資料類型) | article | en |
