Can material asset reorganizations affect acquirers' debt financing costs?——Evidence from the Chinese Merger and Acquisition Market 

In this paper, we investigate whether material asset reorganizations(MARs), a special form of merger and acquisition(M&A) transactions, can affect the acquirers...
《China Journal of Accounting Research》  2018年 第02期 下载次数(215)| 被引次数(1)

Market-Oriented Debt-for-Equity Swaps 

The State Council has recently issued guidelines on market-oriented debt-for-equity swaps and reducing corporate leverage. China’s financial markets welcome ...
《Beijing Review》  2016年 第43期 下载次数(13)| 被引次数(0)

Income smoothing and the cost of debt 

The literature on income smoothing focuses on the effect of earnings smoothing on the equity market.This paper investigates the effect of income smoothing on th...
《China Journal of Accounting Research》  2016年 第03期 下载次数(127)| 被引次数(1)

中国银行间本币市场发行首批非公开定向债务融资工具 

2011年5月5日,银行间市场本币交易系统上市流通首批非公开定向债务融资工具(以下简称 定向工具 )并达成交易。首批流通的定向工具共三只,分别是11五矿PPN001,发行量30亿元,期限3年;1 1国电集PPN001,发行量30亿元,期限3年;1 1中航集PPN001,发行量50亿元,期限5年。
《中国货币市场》  2011年 第05期 下载次数(155)| 被引次数(1)

MARKET WATCH 

OPINION Demystifying Local Government Debt The Ministry of Finance (MOF) on June 17 issued two batches of local government bonds valued at 42.2 billion yuan ...
《Beijing Review》  2013年 第26期 下载次数(5)| 被引次数(0)

MARKET WATCH 

OPINION Ending Government Debt The National Audit Office began a nationwide audit of local government debt on August 1.As local government debt has hit the s...
《Beijing Review》  2013年 第32期 下载次数(1)| 被引次数(0)

MARKET WATCH 

OPINION How to Tackle Local Government Debt? Fundamentally,debt is an overdraft of credit,and almost all countries are confronted with some form of debt risk...
《Beijing Review》  2014年 第02期 下载次数(6)| 被引次数(0)

VISIBLE REBOUND OF WORLD ECONOMY,LINGERING DIFFICULTY IN KEEPING THE GROWING MOMENTUM 

The world economic growth rate reaches around 3.6%in 2017 calculated in PPP terms,and 3.0%in market exchange rates terms,which has clearly picked up with con...
《Contemporary World》  2018年 第01期 下载次数(4)| 被引次数()