企业资产证券化融资的财富效应——基于浦东建设资产证券化研究
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引用本文:邱成梅,赵如.企业资产证券化融资的财富效应——基于浦东建设资产证券化研究[J].财经理论与实践,2013,(2):53-57
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作者单位
邱成梅,赵如 (四川大学 经济学院 四川 成都610065) 
中文摘要:选取浦东建设资产证券化作为典型案例,对“企业资产证券化是否会增加发起人的股东和债权人的财富”进行了实证检验,结果表明:浦东建设资产证券化给其股东带来了平均0.154%的财富增加;在资产证券化当年,浦东建设资产证券化给其债权人带来了正的财富效应;但在资产证券化后,对债权人产生了负的财富效应。
中文关键词:企业资产证券化  财富效应  案例研究
 
Wealth Effect of Enterprise Asset Securitization: A Case Study of Pudongjianshe Asset Securitization
Abstract:The paper select pudongjianshe asset securitization as a typical case to test the hypothesis that“enterprise asset securitization will increase wealth of the shareholders and creditors of the promoters”. The results show that, pudongjianshe asset securitization lead to an average 0.154% increase of wealth to the shareholders; in 2006, the creditors of pudongjianshe get a positive wealth effect from the asset securitization, however, asset securitization lead to a negative wealth effect to the creditors of pudongjianshe after 2006.
keywords:Enterprise asset securitization  Wealth effect  Case study
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