Research On Timing,Motivations And Economic Consequences Of Shaanxi J&R Optimum Energy Co.,Ltd's Major Shareholders

Based on China's special stock split reform and the mismatch between the development speed of the capital market and related supporting systems,major shareholders try to use the legal behavior of reducing stocks to conceal the nature of their illegal operation and cash out,which has harmed the stable operation of the capital market.Therefore,mining holdings of major shareholders behind the motive and timing,and analyze the economic consequences,will help to improve the relevance of investor risk awareness and regulation.This article selects Shaanxi J&R Optimum Energy Co.,Ltd as an example,combining theoretical and case studies.The first is the theoretical research part of this article,which mainly sorts out related theories and research results of existing scholars,and defines related concepts.The second is the case study part of this article.After introducing the company's basic situation and sorting out the process of shareholders'reduction of shares,they discuss the two issues of the reduction timing and motivation of the reduction of the case objects,and explain them through the event research method and ratio analysis method The economic consequences of major shareholder reductions on the company and the capital market.Finally,based on the research content,it summarizes the problems in the behavior of major shareholders' holdings and gives suggestions.The research results show that in order to avoid the risk of falling stock prices and doubt the company's prospects,the major shareholders chose to reduce their holdings at the clever timing of high delivery and performance forecast to increase the stock price to obtain high returns,which seriously damaged the value of the company.And minority shareholders' equity.After combining theory with actual analysis,the following suggestions are given for reference:(1)Optimizing the company's equity structure and achieving internal checks and balances(2)Strengthen investment risk awareness and improve professional capabilities(3)Strengthen the construction of the supervision system and increase the punishment.