private placement discount
Microsoft Word - 8900.doc 关键词：利益输送 信息不对称 定向增发折价 [gap=19417]Key word: Tunneling； Information asymmetry； Private placement discount
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private placement discount
私募折扣
以上为机器翻译结果，长、整句建议使用 人工翻译 。
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The findings of this dissertation are as follows. Firstly, discount is deeper when private placement issued to big shareholder than that of issued to external investors.
实证研究发现：第一，发行对象为大股东时，增发折价程度远大于发行对象为外部投资者；
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