ABSTRACT
Suo, L. and Yang, K., 2019. Connected transactions, targeted additional shares issuance and operational management efficiency—evidence from listed firms in coastal region of China.In: Gong, D.; Zhu, H., and Liu, R.(eds.), Selected Topics in Coastal Research: Engineering, Industry, Economy, and Sustainable Development. Journal of Coastal Research, Special Issue No. 94, pp. 935–939. Coconut Creek (Florida), ISSN 0749-0208.
Using the sample data of 1isted firms in coastal region of China in 2010-2017, correlation analysis, paired test and the multiple regression analysis method, this paper studies the impact of connected transactions on asset injection of targeted additional shares issuance, and changes of connected transactions on changes of business management efficiency. The results show that: (1)Companies with more connected transactions are inclined to carry out asset injection by targeted additional shares issuance of new shares. (2)Connected transactions significantly decrease after the private placement.(3)Reduce of connected transactions can improve management efficiency after the targeted additional shares issuance.
