Research On Market Effect And Problems Of The Risk-free Shareholding Increasing Of Leyard

The "Risk-free" Shareholding Increasing originated during the 2015 stock market disaster,and is a self-help measure taken by the chairman or actual controller of a listed company in order to save the company's falling share price.Since the"Risk-free" Shareholding Increasing originated,the number of companies to implement is increasing,the bottom of the way and bottom range is gradually diversified.Bottom-up increase by the initiative initiators to participate in the increase of employees to carry out a loss-making bottom,in the form of executive overweight and employee shareholding plan has the same,by combing through the existing literature can be drawn,the market usually shows positive market effects on these two corporate behavior.So what will be the performance of the market for this new increase in the holding of the market? What are the reasons for the market effect? What are the problems? This paper will explore these problems in the form of case studies.In this paper,liad Leyard's the "Risk-free" Shareholding Increasing in 2018 as the research object,using the event research method to analyze the market effect of these "Risk-free" Shareholding Increasings.Through the analysis,it is found that the two"Risk-free" Shareholding Increasings show the characteristics of short-term positive market effect and long-term negative market effect.Then,this paper tries to explain the reasons for the market effect that produces this characteristic.Finally,it explores some problems existing in this new way of increasing holdings,and puts forward some suggestions for market investors,securities regulators and other parties to create a fair and reasonable market environment for reference.Through the case analysis,this paper draws the following conclusions: First,the"Risk-free" Shareholding Increasing had market effect in short-term.Second,the long-term market effect of the"Risk-free" Shareholding Increasing is influenced by the state of enterprise development.Third,there are still problems such as insufficient information disclosure,unclear accounting treatment methods and irregular process of increasing the holding stake.