The Creature Of Treasure Under The "Spite Of Stock Equity" Revolution

The spite of stock equity is a special system for the sake of the Chinese capital market foundation, which is set up under the Chinese special history. As the capital market development, the limitation of the spite is come up and holds back the capital market grows. For the capital development, it is an urgent requirement to eliminate the spite of stock equity. Our paper set up a theoretical model to determine the consideration in the revolution which will end up the spite of stock equity in China .Our analysis is base on the owner of floating stock. We use the game theory and means to found the best actions under the perfect condition and non perfect condition. Next, we give out the relations between the major factor and the consideration. Our result is that the relations between the consideration and the price of floating stock are direct ratio, but inverse ratio to unfloating stock. The consideration is also direct ratio to the history cost. We also give out an analytic solution under the uniform distribution. Our paper firstly establishes a model to analyses the unfloating stock owner erode the interests of floating stock owner. The result is that floating stock owner will lost interests when his negotiate ability is high or low. We will give out the policy suggestion at last.The article divides into six parts. The first part expounds the selection meaning of our paper and the reviews of major references. We analysis the particularity and illogic base on the historical reason and compromise in the spite of the stock equity. And then, we give out the necessary and emergency of revolution. The second part systematic reviews the history of the revolution in the spite of stock equity; summarize the experience of all previous revolution. And then, we give out the basic principle and object of the revolution. The next two parts is the theory of our paper. The third part major analysis the consideration theory of revolution and the rational of consideration in the academic lay. We list the forms of consideration that exist now at last. The forth part simply introduce the game theory and use it to analysis the revolution. The fifth part is the keystone in the paper. By the foundation and analysis of model, we confirm the consideration under the condition that all players maximize their profit. The sixth part gives out the major result and policy suggestion. The appendix presents the proof of major results.