文献类型：期刊文献

英文题名：Connected Transactions, Targeted Additional Shares Issuance and Operational Management Efficiency-Evidence from Listed Firms in Coastal Region of China

作者：Suo, Lingling[1];Yang, Kezhi[2]

第一作者：索玲玲

通讯作者：Yang, KZ[1]

机构：[1]Beijing Union Univ, Business Coll, Beijing 100025, Peoples R China;[2]Beijing Technol & Business Univ, Business Coll, Beijing 100048, Peoples R China

第一机构：北京联合大学商务学院

通讯机构：[1]corresponding author), Beijing Technol & Business Univ, Business Coll, Beijing 100048, Peoples R China.

年份：2019

卷号：94

期号：sp1

起止页码：935-939

外文期刊名：JOURNAL OF COASTAL RESEARCH

收录：;Scopus(收录号：2-s2.0-85072303615);WOS:【SSCI(收录号:WOS:000485711600184)，SCI-EXPANDED(收录号:WOS:000485711600184)】；

基金：This research was funded by the Social Science Program of Beijing Education Commission (No. SM201711417003), China.; This research was funded by the Humanities and Social Sciences research program of China Ministry of Education (Project No. 17YJC630133):"Research on Influencing Factors and Economic Consequences of Financial Assets Investment in Manufacturing Enterprises''.; This research was supported by Construction Project of Top Disciplines for Technology and Business Major in Beijing and Beijing First-class Accounting Major Construction Project of Beijing Technology and Business University.

语种：英文

外文关键词：Connected transaction; targeted additional shares issuance; management efficiency

摘要：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.