Dissertation > Excellent graduate degree dissertation topics show

Empirical Research for the Influence of the Classification of Objects of Private Equity Placements of Chinese Listed Companies on Corporate Performance

Author: ZuoYing
Tutor: SongYingHui
School: Northeast Normal University
Course: Accounting
Keywords: private equity placement objects performance institutional shareholding
CLC: F832.51;F224
Type: Master's thesis
Year: 2011
Downloads: 93
Quote: 0
Read: Download Dissertation

Abstract


This paper is committed to research the influence of the object types of private equity placements of listed companies on the their long-term operating performance. Numerous domestic studies focused on the non-standard status of private placements in present Chinese capital market, and the effect of short-term stock price of issue enterprises. Documents on object type of placements have still taken the criteria of controlling shareholder or not for the classification. This paper attempts to bridge the gap in the existing literatures, to classify object types in placements aiming to find its’influence on performance, then implant shareholders’activism theory to see which role the institutional investors play in private placements.In this paper, specification and empirical research methods combined for analysis. For the specification, we classified object types with the methods that the objects in placements affected companies’governance as the basic criteria. Then on the basis of the assumptions in exsiting documents, we presented our own theoretical assumptions to promote empirical research. For the empirical study, we primarily used factor analysis to construct corporate performance scoring system with the financial indicators from annual financial reports of those corporations, and then put institutional shareholding variable in the model as a moderator to quantify its’effects on the performance of the issuing companies.The empirical analysis concludes that: first, the placements to the controlling shareholders has a negative impact on firm performance; second, related party transactions between the enterprise and their shareholders can improve the value of the company; Finally, the placements to the outside investors has a positive impact on corporate performance, but the institutional investors because of their negative attitude to corporate governance cause a slight negative impact on firm performance.

Related Dissertations

  1. Empirical Study on the Top Management Turnover and Performance of Listed Companies in China,F224
  2. Powered Activited Carbon-UF for Treating Micro-polluted Surface Water,X703
  3. The Brake Performance of Hydraulic Retarder and Simualtion Research on Its Application for Aircraft Arrestment,TH137.331
  4. Hardware Implementation of LEO Satellite Channel Characteristic Emulation,TN927.23
  5. Development of Pxibus High Performance Digital I/O Module,TP274
  6. The Research on the Performance Results Application of Zhaoqing Power Supply Bureau,F272.92
  7. The Preparation and Properties of Reed Woodceramic,TQ174.1
  8. Application of Semi-Structure in Leisure Dress,TS941.2
  9. Reaserch on the Effect of Fabric Structure on the Performance of Seamless Sports Underwear,TS941.15
  10. Modification and Application of the Waste Fluorgypsum and the Treating of High Concentrations Fluoride Wastewater,X703
  11. Effect of High Level of Copper and Zinc on Growth Performance and Metabolism and Its Content Level in Serum and Deposit in Tissues of Weanling Piglet,S828.5
  12. Effects of Low-protein Diet on Production Performance and Feeding Environment of Piglet,S828.5
  13. Construction of G Bank Yunnan Branch Office of Performance Management System,F272.92
  14. Research on Effect Relationship of the Innovation Resources Environment, Technological Innovation Capability and the Innovation Performance,F273.1
  15. Research on the Impact of Debt Financing Structure Upon Corporate Performance on Listed Pharmaceutical Company,F275
  16. Study on Synthesis and Physiological Function of N-carbamoyl-glutamate,R914
  17. Effects of Plant Essential Oil on Growth Performance , Intestinal Microflora and Immunization Performance in Piglets,S828.5
  18. Study on the Trophic Value of Blood Meal by Different Processes and the Effects of Supplements in Broiler Chicken,S831.5
  19. The Effect of Vitamin E and Vitamin C on Growth Performance, Non-specific Immune Response for Cobia, Rachycentron Canadum,S963.1
  20. Effects of Dietary Oil Sources on Growth Perfomance, Lipid Deposition and Blood Biochemical Index of Carassius Auratus Gibelio,S963.1
  21. The Study of the Performance Evaluation about the Primary Teacher in the U.S.A.,G637

CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
© 2012 www.DissertationTopic.Net  Mobile