The Earning Persistence of High Tech Enterprise and Market Efficiency of China Capital Market
نویسندگان
چکیده
منابع مشابه
Capital Market Imperfections, High-Tech Investment, and New Equity Financing*
Highly variable returns, asymmetric information and a lack of collateral should cause small high-tech firms to have poor access to debt. New equity financing has several advantages over debt, but may be costly compared to internal finance. We examine an unbalanced panel of over 2,400 publicly traded United States high-tech companies over the period 1981 to 1998. Most small high-tech firms obtai...
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ژورنال
عنوان ژورنال: International Journal of Business and Management
سال: 2009
ISSN: 1833-8119,1833-3850
DOI: 10.5539/ijbm.v3n8p10