Financing of Taiwan's High-Tech Firms:Application of Puttable

• Main Authors: Lin Wei-Hsin, 林瑋馨
• Other Authors: Chih-Young Hung
• Format: Others
• Language: zh-TW
• Published: 1994
• Online Access: http://ndltd.ncl.edu.tw/handle/05041005835756148664

碩士 === 國立交通大學 === 科技管理研究所 === 82 === We want to solve the problem that we faced from the innovation so innovation theory is studied in this research first. A innovative financial product- puttable stock developed in U.S. is our research subject. Since it is brand new in Taiwan, we must go on realizing its characteristics and advantages. Then we refer to a few references to organize a valuation model for puttable stock. According to the model, we can get the exercise price and issuing price. Regulations of Taiwan are limitations to a new financing product from foreign country. However, we do study that for the future application in Taiwan. Last, we propose the issuing procedure for companies which would like to issue puttable stock.