| dc.contributor.advisor | 張清福 | zh_TW |
| dc.contributor.author (Authors) | 吳雅妮 | zh_TW |
| dc.creator (作者) | 吳雅妮 | zh_TW |
| dc.date (日期) | 2007 | en_US |
| dc.date.accessioned | 11-Sep-2009 17:30:56 (UTC+8) | - |
| dc.date.available | 11-Sep-2009 17:30:56 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Sep-2009 17:30:56 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0095353055 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/30240 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 會計研究所 | zh_TW |
| dc.description (描述) | 95353055 | zh_TW |
| dc.description (描述) | 96 | zh_TW |
| dc.description.abstract (摘要) | 本研究以羅吉斯迴歸模型探討影響上市櫃公司選擇公開募集或私募之因素。 實證結果發現採私募或現金增資的決策，和下列因素有關：(1)資訊不對稱程度愈高之公司愈傾向以私募發行新股，且上櫃公司較上市公司更傾向以私募發行新股；(2) 資訊透明度越低的公司，資金成本越高，籌資也較困難，會傾向以私募方式發行新股；(3) 投資機會愈多的公司，因為控制權考量，會選擇公開募集資金；(4) 當景氣愈好，公司愈傾向以公開募集發行新股，且上市公司較上櫃公司更易傾向以現金增資方式發行新股。 | zh_TW |
| dc.description.abstract (摘要) | This study applies logit model to examine the determinants of choice of private placements/seasoned equity offerings. The results indicate that firms being severe in information asymmetry tend to choose private placements. Contrast to listed firms, OTC firms prefer private placements to seasoned equity offerings. Firms with lower information transparency pay higher costs in seasoned equity offerings and therefore tend to choose private placements. Firms being abundant in investment opportunities prefer to choose seasoned equity offerings because of control considerations. In bull markets, more firms choose seasoned equity offerings other than private placements while listed firms have stronger tendency to choose seasoned equity offerings than OTC firms. | en_US |
| dc.description.tableofcontents | 第壹章 緒論 1 第一節 研究動機與目的 1 第二節 研究問題 4 第三節 研究流程與架構 5 第貳章 文獻探討 7 第一節 我國私募市場之描述 7 第二節 私募之優缺點 11 第三節 私募制度之運用 13 第四節 現金增資與私募之比較 14 第五節 私募國內外相關文獻 18 第六節 現金增資國內外相關文獻 20 第參章 研究方法 24 第一節 研究假說 24 第二節 研究期間、資料來源與樣本選取 29 第三節 實證模型與變數衡量 32 第肆章 實證結果與分析 36 第一節 Pearson相關係數檢定 36 第二節 敘述性統計 38 第三節 羅吉斯迴歸分析 39 第伍章 結論與建議 51 第一節 結論 51 第二節 研究限制 53 第三節 後續研究之建議 53 參考文獻 55 圖表目錄 圖1-1 我國上市櫃公司籌資方式 6 圖1-2 研究流程與架構 6 表2- 1國內公開發行公司籌資管道比較表 16 表3- 1採私募發行新股之上市櫃公司一覽表 30 表3- 2採現金增資發行新股之上市櫃公司一覽表 31 表4- 1 上市櫃公司Pearson相關係數檢定 36 表4- 2 上市公司Pearson相關係數檢定 37 表4- 3 上櫃公司Pearson相關係數檢定 37 表4- 4 上市櫃公司樣本之敘述性統計量 38 表4- 5上市公司樣本之敘述性統計量 38 表4- 6上櫃公司樣本之敘述性統計量 38 表4- 7 上市櫃公司羅吉斯迴歸模式之配適度 39 表4- 8上市公司羅吉斯迴歸模式之配適度 40 表4- 9 上櫃公司羅吉斯迴歸模式之配適度 40 表4- 10上市櫃公司羅吉斯迴歸模式之迴歸係數統計考驗 45 表4- 11上市櫃公司羅吉斯迴歸模式之迴歸係數統計考驗 46 表4- 12上市公司羅吉斯迴歸模式之迴歸係數統計考驗 47 表4- 13上櫃公司羅吉斯迴歸模式之迴歸係數統計考驗 48 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0095353055 | en_US |
| dc.subject (關鍵詞) | 私募 | zh_TW |
| dc.subject (關鍵詞) | 現金增資 | zh_TW |
| dc.subject (關鍵詞) | 羅吉斯迴歸 | zh_TW |
| dc.subject (關鍵詞) | Private placement | en_US |
| dc.subject (關鍵詞) | Seasoned equity offerings | en_US |
| dc.subject (關鍵詞) | Logit model | en_US |
| dc.title (題名) | 影響我國上市櫃公司選擇公開募集或私募之因素 | zh_TW |
| dc.type (資料類型) | thesis | en |
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