title: Determinants of ownership structure and performance of seasoned equity offerings: Evidence from Chinese stock markets

authors: Abidin, Sazali Zainal

subjects: Agency theory

abstract: Purpose: Since the initiation of the share split reform by the Chinese Securities Regulatory Commission (CSRC) in 2005, the private placement has become the major source of raising equity after IPO. The purpose of this paper is to investigate why listed firms in China prefer private placements compared to other options of raising capital. Design/methodology/approach: The ordinary least squares regression, the piecewise regression and the cross-sectional regression analysis were undertaken to investigate the determinants and characteristics of the seasoned-equity offerings announcement effects. Probit regression analysis was taken to estimate the probability of a firm choosing private placements. Findings: The authors find positive significant announcement abnormal returns for private placement. The findings also indicate that operating performance deteriorates immediately after announcement and poor operating performance is more likely to be contributed by large size portfolios, which suggests size effect. Research limitations/implications: The paper's evidence contributes to an understanding of the wider implication of the share split reform undertaken by the CSRC. Practical implications: The paper provides insights for policy makers in China and around the world who have and wish to adopt similar practices within their jurisdictions. Similar research can be conducted in other emerging markets to enable better understanding and implications of seasoned equity offerings on firm financial performance. Originality/value: The paper is novel in regard to the data and the wider research paradigm used.

text: Determinants of ownership structure and performance of seasoned equity offerings: Evidence from Chinese stock markets Purpose: Since the initiation of the share split reform by the Chinese Securities Regulatory Commission (CSRC) in 2005, the private placement has become the major source of raising equity after IPO. The purpose of this paper is to investigate why listed firms in China prefer private placements compared to other options of raising capital. Design/methodology/approach: The ordinary least squares regression, the piecewise regression and the cross-sectional regression analysis were undertaken to investigate the determinants and characteristics of the seasoned-equity offerings announcement effects. Probit regression analysis was taken to estimate the probability of a firm choosing private placements. Findings: The authors find positive significant announcement abnormal returns for private placement. The findings also indicate that operating performance deteriorates immediately after announcement and poor operating performance is more likely to be contributed by large size portfolios, which suggests size effect. Research limitations/implications: The paper's evidence contributes to an understanding of the wider implication of the share split reform undertaken by the CSRC. Practical implications: The paper provides insights for policy makers in China and around the world who have and wish to adopt similar practices within their jurisdictions. Similar research can be conducted in other emerging markets to enable better understanding and implications of seasoned equity offerings on firm financial performance. Originality/value: The paper is novel in regard to the data and the wider research paradigm used.

year: 2012

title: Using videoconferencing in a school-scientist partnership: students’ perceptions and scientists’ challenges

authors: Falloon, Garry

subjects: Engagement

abstract: This research studied a series of videoconference teaching workshops and virtual labs, which formed a component of a school-scientist partnership involving a New Zealand science research institute and year 13 students at a Wellington high school. It explored students' perceptions of the effectiveness of the videoconferences as an interactive medium for developing content knowledge, identified factors influencing their level of interaction during the conferences, and exposed issues when using videoconferences for highly specialised activities. The research followed an interpretive methodology using a case study approach, and employed mixed method qualitative/quantitative data gathering procedures. Results suggest that while videoconferencing was effective it was also expensive and timeconsuming, and that scientists' efforts to engage students more interactively through movement towards more constructive practice, were largely ineffective. This article provides direction for teachers considering exploring the potential of interactive videoconferencing with students.

text: Using videoconferencing in a school-scientist partnership: students’ perceptions and scientists’ challenges This research studied a series of videoconference teaching workshops and virtual labs, which formed a component of a school-scientist partnership involving a New Zealand science research institute and year 13 students at a Wellington high school. It explored students' perceptions of the effectiveness of the videoconferences as an interactive medium for developing content knowledge, identified factors influencing their level of interaction during the conferences, and exposed issues when using videoconferences for highly specialised activities. The research followed an interpretive methodology using a case study approach, and employed mixed method qualitative/quantitative data gathering procedures. Results suggest that while videoconferencing was effective it was also expensive and timeconsuming, and that scientists' efforts to engage students more interactively through movement towards more constructive practice, were largely ineffective. This article provides direction for teachers considering exploring the potential of interactive videoconferencing with students.

year: 2012

title: Te Kotahitanga: Addressing educational disparities facing Māori students in New Zealand

authors: Bishop, Russell

subjects: Effective teaching profile

abstract: The major challenges facing education in New Zealand today are the continuing social, economic and political disparities within our nation, primarily between the descendants of the European colonisers and the Indigenous Māori people. These disparities are also reflected in educational outcomes. In this paper, an Indigenous Māori Peoples' solution to the problems of educational disparities is detailed. Te Kotahitanga is a research and professional development project that seeks to improve the educational achievement of Māori students in mainstream secondary schools. Students ‘voices’ were used to inform the development of the project in a variety of ways: firstly to identify various discursive positions related to Māori student learning; secondly, to develop professional development activities, and thirdly, to create an Effective Teaching Profile. The paper concludes by identifying how implementing the Effective Teaching Profile addresses educational disparities.

text: Te Kotahitanga: Addressing educational disparities facing Māori students in New Zealand The major challenges facing education in New Zealand today are the continuing social, economic and political disparities within our nation, primarily between the descendants of the European colonisers and the Indigenous Māori people. These disparities are also reflected in educational outcomes. In this paper, an Indigenous Māori Peoples' solution to the problems of educational disparities is detailed. Te Kotahitanga is a research and professional development project that seeks to improve the educational achievement of Māori students in mainstream secondary schools. Students ‘voices’ were used to inform the development of the project in a variety of ways: firstly to identify various discursive positions related to Māori student learning; secondly, to develop professional development activities, and thirdly, to create an Effective Teaching Profile. The paper concludes by identifying how implementing the Effective Teaching Profile addresses educational disparities.

year: 2009