Study On The Improvement Of What Reformation Of The Dispartion Between Share And Rights Means To The Optimization Of Stock Structure

Reformation of dispartion of share and rights, is one of the most heated words in 2005.Solution of the this problem, means much in Chinese securities market;Meantime, itswell-done is the key of Chinese reformation of economic system and political system.Reformation of dispartion of share and rights, is fundamentally to change the share structure ofpublic trades. From the angle of accounting to analyse its influence on our Chinese sharestructure,s improvement, mainly get to know what changes have the public trade,s share structuretaken? And how these changes mean to the company,s market value? This text probe into thesequestions by two ways which are normative and empirical. Through research, the author find that,on one hand , reformation did urge the public company,s share structure to get adjusted, well, theshare stucture become to obey the principal rules of market econmy more and more.Another ,fore-and-aft period of this reformation, the alteration of the share structure has no directconnection with the change of company,s market value. That is because , firstly ,inertia that thechange of market value differ the increasement of economic condition, result in it. Secondly , tosome extent, it shows that stockholders are lack of confidence of the reformation in early days.