新兴市场与优先股融资:环太平洋国家的案例

Ali Fatemi, Iraj Fooladi, Nargess Kayhani
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引用次数: 2

摘要

他指出,与发达国家相比,新兴经济体在为新投资项目融资时更多地使用优先股,并建立了一个数学模型,以显示在何种条件下,企业愿意以吸引投资者的价格发行优先股。概述了台湾、韩国和新西兰的税收制度,并使用该模型解释了为什么前两个国家的公司发行优先股,而新西兰公司不发行优先股。
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Emerging Markets and Financing with Preferred Stocks: The Case of Pacific Rim Countries
Points out that preference shares are much more heavily used in emerging economies than in advanced ones to finance new investment projects and develops a mathematical model to show the conditions under which companies are willing to issue them at a price which will attract investors. Outlines the tax systems in Taiwan, South Korea and New Zealand and uses the model to explain why companies in the former two countries issue preference share but New Zealand firms to not.
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