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Managerial optimism and post-financing stock performance in Taiwan: A comparison of debt and equity financing

机译:台湾的管理乐观与融资后股票表现:债务融资与股权融资的比较

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摘要

We compare post-financing stock performance for debt-issuing portfolio with equity-issuing one in Taiwan to identify whether firms' financing decisions were driven by managerial optimism or market timing. Our result supports corporate financing decisions in Taiwan are driven by managerial optimism.
机译:我们将台湾的发债组合和股票发行组合的融资后股票表现进行了比较,以确定公司的融资决策是由管理乐观还是市场时机决定的。我们的结果支持台湾的企业融资决策受到管理者乐观情绪的驱动。

著录项

  • 来源
    《Economics letters》 |2013年第3期|332-335|共4页
  • 作者单位

    Department of Business Administration, Ming Chuan University, NO 250, Sec 5, Jhongshan N Rd., Shihlin District, Taipei City, 111, Taiwan, ROC;

    Department of Business Administration, Da-Yen University, No. 168, University Rd., Dacun, Changhua 51591, Taiwan, ROC;

    Department of Business Administration, Ming Chuan University, NO 250, Sec 5, Jhongshan N Rd., Shihlin District, Taipei City, 111, Taiwan, ROC;

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  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    Managerial optimism; Market timing; Financing decisions;

    机译:管理乐观;市场时机;融资决策;

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