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英语翻译Typically,New Zealand firms issue seasoned equity throug

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英语翻译
Typically,New Zealand firms issue seasoned equity through the two mechanisms of rights issues and private placements.While Marsden (2000) investigated New Zealand rights issues,Studies involving US firms reveal a marked asymmetry between the share price reactions for private and public seasoned equity offerings.US studies consistently reveal significant negative abnormal returns for public offerings by way of firm commitment underwritten offers and renounceable rights issues.In contrast,a positive announcement reaction is evident for private placement announcements in the US (for a summary of the literature,see Eckbo and Masulis,1995).While rights issues are not a common mechanism for issuing seasoned equity in the US,it is still a dominant form of raising seasoned equity in many other countries.However,the evidence concerning the announcement effects of rights offerings for non-US firms is somewhat mixed.
与定向增发有关的一段外文,我实在是不想翻了,也翻不出来了,我把我有的分都送了,
通常情况下,新西兰公司的问题,通过这两种权利平等问题的机制和经验丰富的私人配售.虽然马斯登(2000)新西兰研究人权问题,研究显示,涉及美国公司之间的私人和公共经验丰富的股票发行股票价格的反应明显不对称.美国的研究均显示显着的负供坚定承诺的方式提供公共产品和承保的问题宣布放弃权利不正常的回报.相反,积极的声明的反应,显然在美国私募公告(关于文学,摘要见埃克伯和马苏利斯,1995年).人权问题虽然不是为在美国发行股票的共同经验丰富的机制,它仍然是一个提高,在许多其他国家的经验丰富的资产的主要形式.然而,有关证据的权利宣布影响产品的非美国公司是好坏参半.