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

首先，本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法的选择，来指导证券交易所上市规则的制定和税收立法。第二，注重在国际市场上筹资将有助于公司司库确定其融资地点，并通过对资本流动和国际收支的影响对宏观经济政策产生影响。第三，融资决策的综合模型将帮助企业、其顾问和资本提供者进行融资和投资活动。

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.