| Abstract | 第1-5页 |
| 摘要 | 第5-6页 |
| 1. Introduction | 第6-8页 |
| 2. Alternative Refinancing Methods in China: Rights Offerings and Share Placing | 第8-14页 |
| ·Rights Offerings | 第9-10页 |
| ·Share Placing | 第10-12页 |
| ·Comparison of Issuing Conditions of the Two Refinancing Methods | 第12-14页 |
| 3. Theory and Past Empirical Result | 第14-22页 |
| ·Models and Empirical Evidence about Announcement Effect | 第14-18页 |
| ·Theory and Past Evidence about Choice of Refinancing Method | 第18-20页 |
| ·Characteristics of the Issuance and Issuing Firm Affecting the Announcement Effects | 第20-22页 |
| 4. Sample and Methodology | 第22-28页 |
| ·Data Collection and Sample Analysis | 第22-26页 |
| ·Analysis Methodology and Model | 第26-28页 |
| ·Event Study | 第26-27页 |
| ·Cross-sectional Regression | 第27-28页 |
| 5. Empirical Results | 第28-53页 |
| ·Market Reaction at Announcement of Resolutions by Board of Directors | 第28-32页 |
| ·Share Price Effects of Placing | 第32-50页 |
| ·Announcement Date of Resolutions by Board of Directors | 第33-38页 |
| ·Announcement Date of Resolutions by General Meeting of Shareholders | 第38-43页 |
| ·Announcement Date of Approval of Issuance Assessment Committee | 第43-47页 |
| ·Announcement Date of Approval by China Securities Regulatory Commission.. | 第47-50页 |
| ·Cross-sectional regression Results for Share Placing | 第50-53页 |
| 6. Conclusion | 第53-56页 |
| Bibliography | 第56-60页 |
| Acknowledgements | 第60-63页 |
