| dc.contributor.advisor | 林宛瑩 | zh_TW |
| dc.contributor.author (Authors) | 黃藍萱 | zh_TW |
| dc.creator (作者) | 黃藍萱 | zh_TW |
| dc.date (日期) | 2010 | en_US |
| dc.date.accessioned | 29-Sep-2011 16:39:14 (UTC+8) | - |
| dc.date.available | 29-Sep-2011 16:39:14 (UTC+8) | - |
| dc.date.issued (上傳時間) | 29-Sep-2011 16:39:14 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0983530071 | en_US |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/50795 | - |
| 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) | 98353007 | zh_TW |
| dc.description (描述) | 99 | 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籌資之因素，籌資工具包括股權與債務，並進一步探討若籌資工具為普通股，影響私募普通股或現金增資之因素。實證結果發現，公司選擇以私募或公開發行管道籌措資金的決策，主要和下列因素有關：(1) 資訊不對稱程度愈高之公司，愈傾向以私募籌資；(2) 風險愈高之公司，愈傾向以私募籌資；(3) 信用品質愈差之公司，愈傾向以私募籌資；(4) 成長性愈強之公司，愈不傾向以私募籌資；(5) 股票市場情況愈好，公司愈不傾向以私募籌資。公司選擇以私募普通股或現金增資籌措資金的決策，主要和下列因素有關：(1) 資訊不對稱程度愈高之公司，愈傾向以私募普通股籌資；(2) 風險愈高之公司，愈傾向以私募普通股籌資；(3) 股票市場情況愈好，公司愈不傾向以私募籌資。 | zh_TW |
| dc.description.abstract (摘要) | This research uses Logistic Model to investigate some specific factors which may influence firms’ choices between issuing securities in private market (private placement) and in public market (public offering). As for the funding mechanism, both equity securities and debt securities are included. Then the range of funding mechanism is narrowed to common stock and this research analyzes the possible factors which influence firms’ choices between issuing private equity and seasoned equity offering follows. The empirical results on the choices between issuing in private market or public market indicate the following: (1) Firms with higher information asymmetry tend to raise fund by private placement rather than by public offering. (2) Firms with higher operating risk tend to raise fund by private placement rather than by public offering. (3) Firms with worse credit quality tend to raise fund by private placement rather than by public offering. (4) Firms with stronger growth potential tend to raise fund by public offering rather than by private placement. (5) When the performance of the stock market is better, firms tend to raise fund by public offering rather than by private placement.The empirical results on the choices between issuing private equity or seasoned equity offerings indicate the following: (1) Firms with higher information asymmetry tend to raise fund by private equity rather than by seasoned equity offering. (2) Firms with higher operating risk tend to raise fund by private equity rather than by seasoned equity offering. (3) When the performance of the stock market is better, firms tend to raise fund by seasoned equity offering rather than by private equity. | 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 研究議題 4第三節 研究流程與架構 5第貳章 文獻探討 8第一節 我國私募之相關規範 8第二節 私募之文獻探討 17第三節 現金增資與債券之文獻探討 24第参章 研究方法 27第一節 研究假說 27第二節 資料來源與樣本選擇 33第三節 實證模型與變數衡量 35第肆章 樣本選取與實證分析結果 42第一節 樣本選取與處理 42第二節 選擇以私募或公開發行管道籌資之影響因素 44第三節 選擇以私募股權或現金增資籌資之影響因素 55第伍章 結論與建議 65第一節 研究結論 65第二節 後續研究建議 69第三節 研究限制 70參考文獻 71 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0983530071 | en_US |
| dc.subject (關鍵詞) | 私募 | zh_TW |
| dc.subject (關鍵詞) | 公開發行 | zh_TW |
| dc.subject (關鍵詞) | 現金增資 | zh_TW |
| dc.subject (關鍵詞) | private placement | en_US |
| dc.subject (關鍵詞) | public offering | en_US |
| dc.subject (關鍵詞) | seasoned equity offering | en_US |
| dc.title (題名) | 選擇公開募集或私募管道融資影響因素之探討 | zh_TW |
| dc.title (題名) | A study on the choice between public offering and private placement | en_US |
| dc.type (資料類型) | thesis | en |
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