论文部分内容阅读
根据最新的经济学制度和管制理论以及投资理论进行了企业在融资承销商变更进行实证检验和分析,我国如今的企业股票发行在经济市场上主要的中介组织还是承销商。他们借助企业的上市,然后考虑在融资的时候是否进行首日发行(IPO),那时候选择承销商是不是最值得。因此,在企业融资的时候继续聘用承销商主要有两个方面的原因,一是企业在融资的时候续聘承销商的原因主要是IPO在管制部门的能力,他们的关系越协调,公共关系越有能力,那就很容易在企业融资的时候被继续聘用。二是承销商如果所表现的专业水平在IPO和再融资(SEO)之间用时较短,SEO前承销商的相关人员跟踪及时,这样的情况承销商也很容易被企业继续聘用,但是根据研究可以看出,承销商续聘比变更的反响更大。
Based on the latest economic system, regulatory theory and investment theory, the author conducts an empirical test and analysis on the changes of financing underwriters, and the major intermediary organizations and underwriters in China’s current corporate stock issuance in the economic market are now under investigation. They use the company’s IPO, and then consider whether to conduct an IPO on the day of financing, when choosing an underwriter is not the most worthwhile. Therefore, there are two main reasons why enterprises should continue to employ underwriters when financing their business. First, the reasons why enterprises re-employ underwriters when financing are mainly the ability of IPO in regulatory departments, the more coordinated their relationship and the more public relations Ability, it is easy to get hired when the company finances. The second is the underwriters if the performance of the professional level between the IPO and refinancing (SEO) with shorter duration, SEO underwriter of the relevant personnel tracking in a timely manner, under such circumstances the underwriters can easily be employed by the enterprise, but according to the study It can be seen that the renewal of underwriters more than the change of response.