Conglomerate Structure and Capital Market Timing
作者： Xin Chang , Gilles Hilary , Chia Mei Shih , Lewis H.K. Tam
DOI: 10.1111/J.1755-053X.2010.01114.X
关键词:
摘要: We examine the effects of keiretsu structure on capital market-timing. Keiretsu groups offer a hybrid between fully integrated conglomerates and stand-alone firms. find that past market conditions affect firms more than they unaffiliated The decision to issue equity is correlated with for members it stock returns following issuance decrease size issuance. These results suggest time so
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