An Emperical Research On The Listed Companies' Behavior Of Changing The Investment Project In China

Raising funds is a basic function of capital markets. Raising funds is to collect money for investing on better projects and maximizing the company value. However, in China, there are lots of companies that raising money blindly in order to collect more money. After raising money, they are likely to change the projects.That listed companies'changing the investment projects will decrease the efficiency of capital market. An efficient funds allocation is to provide money for the listed companies which really need and can make great value. However, blindly raising money leads to lots of idle money and limit and distort the function.Firstly, review the development of China's governance system on the raising money. Also, review the situation of listed companies raising...