The Equity Day That Register To The Stock Price Effects Of Research

After ten years of development, China's securities market has been increasingly standardize and improve the population, especially in the information disclosure system has made gratifying achievements. Securities regulatory authorities with the information disclosure system to protect the interests of small investors, making the securities market has always maintained an open, fair and just and good atmosphere. Investors are also increasingly concerned about the listed company's announcement, the company with which to obtain information as a market transaction basis. Well, our investors will notice when I create what to react? China A share market announcement on the existence of effects.This study was carried out along this train of thought, try to use the market model event study empirical analysis, I looked to the Greek researcher and attention to the stock market were some useful inspiration.In the public disclosure of the notice to shareholders of record on Notice of investors to judge the importance of enterprise value of integrated information source. Event study method is used to measure the economic impact of events on firm value. Mature foreign markets are very concerned about information disclosure to shareholders of record date, there are many scholars study was carried out. China's securities markets have occurred in the history of Japanese equity market in the period of registration, with a very strong market speculation atmosphere. Chinese scholars have conducted research on the times, but never on the positive test results had given a good explanation.Event study method has been proposed since the Fama twenty years, during which many foreign scholars on the improvement of a useful method to explore the incident of the rich and perfect law have made great contributions, mainly in terms of the methodology, model improvements as well as inspection of events. However, few articles of domestic scholars also use the improved event of the event study method. This article first chapter structures such as the research background, the research significance, the research idea, content structure. The second chapter to the basic information of the equity day that register is discussed, and the method for scholars both at home and abroad for application of events, market analysis to notice that stock price changes and the causal relationship between, excess profits can measure the scale; information, The third chapter of the equity day that register, research methods and inspection methods; events The fourth chapter of listed companies in the equity day that register to the stock price effects of the announcement that Chinese stock market research existence the equity day that register announcement for stock price influence conclusion。...