Sizing up New Capital Dividend Reinvestment Plans
研究了20世纪70年代企业(尤其是公用事业)如何通过新型资本股息再投资计划在低迷的资本市场中筹集股权资金,发现该计划对资本密集型公用事业企业的股权资本需求贡献显著。
During the 1970s, corporations, especially utilities, started to use new capital dividend reinvestment plans (NCDRPs) to facilitate the obtaining of equity funds in an otherwise bleak capital market. Questionnaires sent to corporate users yielded the information that NCDRPs are making an important contribution to the equity capital needs of many corporations, particularly those in the capital-intensive utility industry. Although there are some problems, the future outlook for NCDRPs is bright.