유상증자 기업의 위험과 비유상증자 기업의 위험에 대한 상대적 비교

목차 (Table of Contents)

• Ⅰ. 서론
• Ⅱ. 문헌 연구
• Ⅲ. 연구방법
• Ⅳ. 유상증자 기업의 장기수익률
• Ⅴ. 유상증자 기업의 위험
• Ⅵ. 결론
• 1. 연구 결과
• 2. 생산성 함의에 대한 실무적 시사점
• 3. 연구의 한계점
• 참고문헌
• Abstract

참고문헌 (Reference)

1 윤평식, "유상증자의 장단기효과" 25 (25): 71-105, 1999

2 김병기, "유상증자 후의 장기 주가수익률 및 영업성과" 17 (17): 13-44, 2000

3 양인선, "기업의 연속 설비투자 증가가 주가 수익률에 미치는 영향 : 제조업 중심으로" 한국생산성학회 31 (31): 145-164, 2017

4 김용현, "기업의 시설투자와 장기적 재무성과" 한국생산성학회 27 (27): 261-285, 2013

5 박태준, "기업 자본적지출 공시 주위에서의 기관투자자 거래행태" 한국생산성학회 34 (34): 39-59, 2020

6 Loughran, T., "Uniformly least powerful tests of market efficiency" 55 (55): 361-389, 2000

7 Spiess, D., "Underperformance in long-run stock returns following seasoned equity offerings" 38 (38): 243-267, 1995

8 Zhang, L., "The value premium" 60 (60): 67-103, 2005

9 Gompers, P., "The really long-run performance of initial public offerings : The pre-nasdaq evidence" 58 (58): 1355-1392, 2003

10 Lyandres, E., "The new issues puzzle : Testing the investment-based explanation" 21 (21): 2825-2855, 2008

11 Loughran, T., "The new issues puzzle" 50 (50): 23-51, 1995

12 Fama, E., "The cross-section of expected stock returns" 47 (47): 427-465, 1992

13 Bae, G., "Stock returns and operating performances of securities issuers" 25 (25): 337-352, 2002

14 Eckbo, B., "Seasoned public offerings : Resolution of the new issues puzzle" 56 (56): 251-291, 2000

15 Yong H. Kim, "Relative Risk of IPO versus Non-IPO Firms" 사람과세계경영학회 15 (15): 13-24, 2010

16 Kothari, S., "Measuring long-horizon security price performance" 43 (43): 301-339, 1997

17 Fama, E., "Market efficiency, long-term returns, and behavioral finance" 49 (49): 283-306, 1998

18 Mitchell, M., "Managerial decisions and long-term stock price performance" 73 (73): 287-329, 2000

19 Eckbo, B., "Liquidity risk, leverage and long-run IPO returns" 11 (11): 1-35, 2005

20 Lang, L., "Leverage, investment, and firm growth" 40 (40): 3-29, 1996

21 Brav, A., "Is the abnormal returns following equity issuances anomalous?" 56 (56): 209-249, 2000

22 Ritter, J., "Handbook of the economics of finance" Elsevier Science 2003

23 Bernardo, A., "Growth options, beta, and the cost of capital" 36 (36): 1-13, 2007

24 Grinblatt, M., "Financial markets and corporate strategy" McGraw-Hill 2001

25 Brav, A., "Evidence on the tradeoff between risk and return for IPO and SEO firms" 38 (38): 221-252, 2009

26 Healy, P., "Earnings and risk changes surrounding primary stock offers" 28 (28): 25-48, 1990

27 Barber, B., "Detecting long-run abnormal returns : The empirical power and specification of test statistics" 43 (43): 341-372, 1997

28 Carlson, M., "Corporate investment and asset price dynamics : Implications for the cross-section of returns" 59 (59): 2577-2603, 2004

29 Carlson, M., "Corporate investment and asset price dynamics : Implications for SEO event studies and long-run performance" 61 (61): 1009-1034, 2006

30 Denis, D., "Corporate events, trading activity, and the estimation of systematic risk : Evidence from equity offerings and share repurchases" 49 (49): 1787-1811, 1994

31 Lakonishok, J., "Contrarian investment, extrapolation, and risk" 49 (49): 1541-1578, 1994

32 Fama, E., "Common risk factors in the returns on stocks and bonds" 33 (33): 3-56, 1993

33 Gomes, J., "Asset pricing implications of firms’ financing constraints" 111 (111): 693-732, 2003

34 Schipper, K., "A comparison of equity carve-outs and seasoned equity offerings" 15 (15): 153-186, 1986