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The Split Share Structure Reform Of Listed Companies In China Price Empirical Analysis

Posted on:2008-10-29Degree:MasterType:Thesis
Country:ChinaCandidate:B ZhouFull Text:PDF
GTID:2199360212987303Subject:Finance
Abstract/Summary:PDF Full Text Request
The Non-tradable shares structure is the biggest barrier to restrict the stock market to be stable and healthy development. Solving this barrier depends on each benefit correlations' participation, also needs the government to set strategy guidelines in the reforming. Many listed companies started the reforming experiment from May, 2005 and had completed the reforming. The reforming has completed more than half in company's quantity and also in the market values. The benefit correlations compete with each other in the reforming and struggle in their own benefit. The non-tradable stock in order to realize the free circulation and enjoy the liquidity premium has to pay consideration to the circulation stock shareholders and also it is the result of gambling. This paper is to offer a kind of reference for related parties through empirical research on factors influencing consideration.
Keywords/Search Tags:Non-tradable shares, Non-tradable shares reform, Consideration
PDF Full Text Request
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