从投资者角度看影响航运公司后续公开发行股票的因素--一种混合多重标准决策方法

IF 5.4 3区材料科学 Q2 CHEMISTRY, PHYSICAL

ACS Applied Energy Materials Pub Date : 2024-06-05 DOI:10.3846/tede.2024.20644

A. J. Lin, Sun-Weng Huang, Hai-Yen Chang, Jiuh-Biing Sheu, Gwo-Hshiung Tzeng Tzeng

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引用次数: 0

摘要

航运业运输全球近 80% 的货物，需要大量资金。近十年来，航运业的资金来源已从债务转向股权。由于大多数航运公司在 2013 年之前已经完成了首次公开募股，因此这些公司倾向于进行后续股票发行（FPO）。然而，航运公司面临的挑战是对成功的 FPO 缺乏了解。本研究旨在从投资者的角度找出影响航运公司 FPO 的最有影响力的因素。本研究采用模糊德尔菲法和决策试验与评价实验室相结合的混合多标准决策模型，对 33 位投资专家的调查回复进行了处理，涵盖 4 个维度和 16 个标准。结果显示，财务指标是影响发行条件、技术指标的首要原因。每股收益的增加有助于提高航运公司的财务业绩，从而对投资者产生最大的吸引力。

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FACTORS INFLUENCING FOLLOW-ON PUBLIC OFFERING OF SHIPPNG COMPANIES FROM INVESTOR PERSPECTIVE – A HYBRID MULTIPLE-CRITERIA DECISION-MAKING APPROACH

The shipping industry transports nearly 80% of the goods worldwide and requires large funding. The shipping industry shifted from debt to equity as the source of funding in the last decade. Because most shipping companies already had their initial public offering before 2013, these companies tend to engage in follow-on equity offerings (FPO). However, the challenge faced by the shipping companies is the lack of knowledge on successful FPO. The purpose of this study is to identify the most influential factors affecting shipping companies’ FPO from the investor perspective. This research applies a hybrid multiple-criteria decision-making model integrating the fuzzy-Delphi method and Decision-Making Trial and Evaluation Laboratory, processing survey responses covering four dimensions and 16 criteria from 33 investment experts. The results show that financial indicator is the primary cause affecting offering condition, technical indicators. An increase in earnings per share would help the financial performance of the shipping companies to appear most attractive to investors.

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来源期刊

ACS Applied Energy Materials Materials Science-Materials Chemistry

CiteScore

10.30

自引率

6.20%

发文量

1368

期刊介绍： ACS Applied Energy Materials is an interdisciplinary journal publishing original research covering all aspects of materials, engineering, chemistry, physics and biology relevant to energy conversion and storage. The journal is devoted to reports of new and original experimental and theoretical research of an applied nature that integrate knowledge in the areas of materials, engineering, physics, bioscience, and chemistry into important energy applications.