Growth Opportunity, Overinvestment, Misvaluation, and Seasoned Equity Offerings: The Taiwan Case

碩士 === 國立屏東商業技術學院 === 經營管理研究所 === 100 === We examine the growth opportunity, overinvestment and misvaluation which affect the long-term performance with following seasoned equity offerings (SEO). The data was collected from the firms which have engaged in seasoned equity offering during the period 1...

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Main Authors:	Ya-Chun Chang, 張雅鈞
Other Authors:	Chen-Chien Hung
Format:	Others
Language:	zh-TW
Published:	2012
Online Access:	http://ndltd.ncl.edu.tw/handle/60315897952400597988

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spelling	ndltd-TW-100NPC054570052015-10-13T21:17:24Z http://ndltd.ncl.edu.tw/handle/60315897952400597988 Growth Opportunity, Overinvestment, Misvaluation, and Seasoned Equity Offerings: The Taiwan Case 台灣上市公司現金增資與成長機會、超常投資和錯誤評價之探討 Ya-Chun Chang 張雅鈞碩士國立屏東商業技術學院經營管理研究所 100 We examine the growth opportunity, overinvestment and misvaluation which affect the long-term performance with following seasoned equity offerings (SEO). The data was collected from the firms which have engaged in seasoned equity offering during the period 1996 to 2006 in Taiwan. The results indicate that the long-run stock performance is positively related to the firm have growth opportunity value. Long-run operating performance is negatively related to the firm that the managers have overinvestment behavior. The firm with low-growth opportunity, which operating performance will better than the high-growth opportunity firm. Chen-Chien Hung 洪振虔 2012 學位論文 ; thesis 67 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 國立屏東商業技術學院 === 經營管理研究所 === 100 === We examine the growth opportunity, overinvestment and misvaluation which affect the long-term performance with following seasoned equity offerings (SEO). The data was collected from the firms which have engaged in seasoned equity offering during the period 1996 to 2006 in Taiwan. The results indicate that the long-run stock performance is positively related to the firm have growth opportunity value. Long-run operating performance is negatively related to the firm that the managers have overinvestment behavior. The firm with low-growth opportunity, which operating performance will better than the high-growth opportunity firm.
author2	Chen-Chien Hung
author_facet	Chen-Chien Hung Ya-Chun Chang 張雅鈞
author	Ya-Chun Chang 張雅鈞
spellingShingle	Ya-Chun Chang 張雅鈞 Growth Opportunity, Overinvestment, Misvaluation, and Seasoned Equity Offerings: The Taiwan Case
author_sort	Ya-Chun Chang
title	Growth Opportunity, Overinvestment, Misvaluation, and Seasoned Equity Offerings: The Taiwan Case
title_short	Growth Opportunity, Overinvestment, Misvaluation, and Seasoned Equity Offerings: The Taiwan Case
title_full	Growth Opportunity, Overinvestment, Misvaluation, and Seasoned Equity Offerings: The Taiwan Case
title_fullStr	Growth Opportunity, Overinvestment, Misvaluation, and Seasoned Equity Offerings: The Taiwan Case
title_full_unstemmed	Growth Opportunity, Overinvestment, Misvaluation, and Seasoned Equity Offerings: The Taiwan Case
title_sort	growth opportunity, overinvestment, misvaluation, and seasoned equity offerings: the taiwan case
publishDate	2012
url	http://ndltd.ncl.edu.tw/handle/60315897952400597988
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Growth Opportunity, Overinvestment, Misvaluation, and Seasoned Equity Offerings: The Taiwan Case

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