ETDs

This collection includes most of the ASU Theses and Dissertations from 2011 to present. ASU Theses and Dissertations are available in downloadable PDF format; however, a small percentage of items are under embargo. Information about the dissertations/theses includes degree information, committee members, an abstract, supporting data or media.

In addition to the electronic theses found in the ASU Digital Repository, ASU Theses and Dissertations can be found in the ASU Library Catalog.

Dissertations and Theses granted by Arizona State University are archived and made available through a joint effort of the ASU Graduate College and the ASU Libraries. For more information or questions about this collection contact or visit the Digital Repository ETD Library Guide or contact the ASU Graduate College at gradformat@asu.edu.

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创新型企业上市前如何选择股权融资？——来自中国创业板市场的证据

Description创新型企业在上市前很难从公开市场获得宝贵的资金支持，往往会通过股权融资来解决企业发展的资金问题。为了探究创新型企业上市前如何选择股权融资，本文从创新型企业股权融资的行为选择角度出发，通过构建实证模型分别探究创新型企业股权融资的股权分配和资金性质选择。本文通过实证研究发现：（1）上市前股权融资的股权份额越大，参与股权投资的机构数量越多，各家投资机构获取股权份额的离散度越大，该轮融资领投机构获得股权份额越小，这与委托-代理理论一致，与信息不对称理论不一致。（2）在上市前股权融资时，相比于国有成分比例较低的企业，国有成分比例较高的企业会选择更高比例的产业投资资金，这有力地支持了融资约束假说，与信息不对称矛盾。
ContributorsCao, Yun (Author) / Shen, Wei (Thesis advisor) / Wu, Fei (Thesis advisor) / Hou, Kewei (Committee member) / Arizona State University (Publisher)
Created2021