Research on the Effect of Private Placement Object on Operating Performance of Listed Companies

DOI

10.2991/emim-17.2017.163How to use a DOI?

Keywords

Private placement; Object types of private equity placements; Operating performance

Abstract

This paper takes 101 listed companies of private placement in China in 2013 as the sample, and uses factor analysis to analyze the performance of private placement companies. Sample Firms will be divided into two categories: to the controlling shareholder or the related party of the private placement of listed companies and new investors to the private placement of listed companies, further analysis of the impact on the performance of the company by the private placement. Empirical results show the private placement of listed companies has a significant role in improving the performance of seasoned equity offerings, and has a positive impact on the performance of the next year; the performance of the private placement to the controlling shareholders or related parties is better than that of the new investors.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhaoen Wu
AU  - Xiaoshun Guo
PY  - 2017/04
DA  - 2017/04
TI  - Research on the Effect of Private Placement Object on Operating Performance of Listed Companies
BT  - Proceedings of the 7th International Conference on Education, Management, Information and Mechanical Engineering (EMIM 2017)
PB  - Atlantis Press
SP  - 818
EP  - 824
SN  - 2352-538X
UR  - https://doi.org/10.2991/emim-17.2017.163
DO  - 10.2991/emim-17.2017.163
ID  - Wu2017/04
ER  -