The Study of Seasoned Equity Offerings and Earnings Manipulation Based on the Control of Large Shareholders;

Event Study of Chinese Public Company Seasoned Equity Offerings;

In order to seek a comparison advantage in seasoned equity offerings,each firm has strong incentive to acquire relative performance through earnings management,and enhances potential investors assessment of its profitability and investment value.

An Analysis of the Performance of the Listed Companies Equity Refinancing;

A Study about Clustering Effect of Equity Refinancing in Chinese Listed Companies and Its Determinants

However,compared to the Western developed countries,the difference is that while foreign enterprises focus on internal financing and regard debt financing as priority in external financing,the listed companies in China focus on the equity refinancing.

Market Timing in Seasoned Equity Offerings with Security Issue Regulation and Its Impact on Capital Structure;

This paper inducts the market timing theory, base on the actual status of China's stock market to study the seasoned equity offering of China's listed companies.

The listed companies have owned strong preference to equity re-financing.

Based on analyzing the applicability of western theory of financing signal in China and the relationship with yield of control rights,this paper shows that equity re-financing can be a signal of high yield of control rights in China,even though it is a weaker one of investment opportunity and current assets price.