An analysis of capital raising by Australian listed firms : The factors that drive the choice of type of security and issue method

澳大利亚上市公司融资分析：影响证券类型和发行方式选择的因素

• 批准号: DP0558712
• 负责人: A/Prof Jo-Ann Suchard
• 金额: $ 9.32万
• 依托单位: The University of New South Wales
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2005
• 资助国家: 澳大利亚
• 起止时间: 2005-01-01 至 2009-12-31
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP0558712
• 关键词: analysis; capital; raising; Australian; listed

Firstly, this study will guide the setting of stock exchange listing rules and tax legislation by providing an analysis of how changes in listing rules and the tax treatment of debt and equity issues affect firms' choice of security and distribution method. Second, the focus on capital raising in international markets will assist corporate treasurers in determining the location of their financing and has implications for macro economic policy through the influence on capital flows and the balance of payments. Third, the integrated model of financing decisions will assist firms, their advisors and capital providers in financing and investment activities.

首先，这项研究将通过分析上市规则的变化以及债务和股权问题的税收处理如何影响公司对证券和分配方式的选择，来指导证券交易所上市规则和税收立法的制定。其次，对国际市场融资的关注将有助于企业财务主管确定其融资地点，并通过对资本流动和国际收支的影响而对宏观经济政策产生影响。第三，融资决策的综合模式将帮助公司、其顾问和资本提供者进行融资和投资活动。