近年来,可转债成为我国上市公司的重要再融资工具,特别是在2003年,上市公司以可转债融资首次超过配股和增发融资规模,而且,投资者对可转债融资表现出积极的态度。然而,可转债融资是否能改变上市公司在配股和增发融资后公司业绩立即变脸的事实? In recent years, convertible bonds have become an important refinancing tool for listed companies in our country. Especially in 2003, the listed companies raised their convertible bonds for the first time in excess of the allotment and issuance scale, and the investors showed positive for the convertible bonds financing attitude. However, whether the convertible bonds financing can change the fact that the listed company immediately changes its face after the rights issue and additional financing?