The Relation between Seasoned Equity Offerings and Financial Reporting
碩士 === 國立臺灣大學 === 會計學研究所 === 84 === This report studies whether listed firms realize unusually large amount of gains or losses from disposals of investments, at seasoned equity offerings. Furthermore, this report investigates whether the disposa...
Main Authors: | , |
---|---|
Other Authors: | |
Format: | Others |
Language: | zh-TW |
Published: |
1996
|
Online Access: | http://ndltd.ncl.edu.tw/handle/49518600845798239948 |
id |
ndltd-TW-084NTU00385012 |
---|---|
record_format |
oai_dc |
spelling |
ndltd-TW-084NTU003850122016-07-13T04:10:50Z http://ndltd.ncl.edu.tw/handle/49518600845798239948 The Relation between Seasoned Equity Offerings and Financial Reporting 現金增資與財務報導關聯性之研究 Chuang,Mei-Hui 莊美慧 碩士 國立臺灣大學 會計學研究所 84 This report studies whether listed firms realize unusually large amount of gains or losses from disposals of investments, at seasoned equity offerings. Furthermore, this report investigates whether the disposal gains or losses are related to firm''s operating performance, amount of investments, and financing needs. The results show that (1)the disposal gains or losses reported in the latest financial statements filed with Securities Exchange Commission for seasoned equity offerings are significantly greater than those reported in the precious year''s financial statements. (2)the disposal gains or losses are negatively correlated with operating performance but positively correlated with the beginning balance of investments. (3)the disposal gains or lossed are not correlated with the additional financing requirement related to the seasoned equity offerings. Overall, the evidence is consistent with the notion that firms engaged in seasoned equity offering utilize the disposal of investments to window dress their financial statements. Yeh,Shu 葉疏 1996 學位論文 ; thesis 82 zh-TW |
collection |
NDLTD |
language |
zh-TW |
format |
Others
|
sources |
NDLTD |
description |
碩士 === 國立臺灣大學 === 會計學研究所 === 84 === This report studies whether listed firms realize unusually
large amount of gains or losses from disposals of
investments, at seasoned equity offerings. Furthermore, this
report investigates whether the disposal gains or losses
are related to firm''s operating performance, amount of
investments, and financing needs. The results show that
(1)the disposal gains or losses reported in the latest
financial statements filed with Securities Exchange
Commission for seasoned equity offerings are
significantly greater than those reported in the precious
year''s financial statements. (2)the disposal gains or
losses are negatively correlated with operating performance
but positively correlated with the beginning balance of
investments. (3)the disposal gains or lossed are not
correlated with the additional financing requirement
related to the seasoned equity offerings. Overall, the
evidence is consistent with the notion that firms engaged in
seasoned equity offering utilize the disposal of investments
to window dress their financial statements.
|
author2 |
Yeh,Shu |
author_facet |
Yeh,Shu Chuang,Mei-Hui 莊美慧 |
author |
Chuang,Mei-Hui 莊美慧 |
spellingShingle |
Chuang,Mei-Hui 莊美慧 The Relation between Seasoned Equity Offerings and Financial Reporting |
author_sort |
Chuang,Mei-Hui |
title |
The Relation between Seasoned Equity Offerings and Financial Reporting |
title_short |
The Relation between Seasoned Equity Offerings and Financial Reporting |
title_full |
The Relation between Seasoned Equity Offerings and Financial Reporting |
title_fullStr |
The Relation between Seasoned Equity Offerings and Financial Reporting |
title_full_unstemmed |
The Relation between Seasoned Equity Offerings and Financial Reporting |
title_sort |
relation between seasoned equity offerings and financial reporting |
publishDate |
1996 |
url |
http://ndltd.ncl.edu.tw/handle/49518600845798239948 |
work_keys_str_mv |
AT chuangmeihui therelationbetweenseasonedequityofferingsandfinancialreporting AT zhuāngměihuì therelationbetweenseasonedequityofferingsandfinancialreporting AT chuangmeihui xiànjīnzēngzīyǔcáiwùbàodǎoguānliánxìngzhīyánjiū AT zhuāngměihuì xiànjīnzēngzīyǔcáiwùbàodǎoguānliánxìngzhīyánjiū AT chuangmeihui relationbetweenseasonedequityofferingsandfinancialreporting AT zhuāngměihuì relationbetweenseasonedequityofferingsandfinancialreporting |
_version_ |
1718346030287683584 |