Research On The Motivation And Economic Consequences Of ST Flower King Eco-engineering Inc’s "High Delivery Transfer"

"High Delivery Transfer" has always been a hot topic in my country’s capital market.The media and small and medium investors are very fond of High transfer stock.Therefore,the management of many listed companies also prefer "High Delivery Transfer".The high send turns to send a positive signal to the market.The "High Delivery Transfer" dividend policy refers to the way that listed companies expandtheir share capital by means of bonus shares from undistributed profits or by converting capital reserves into share capital.A large amount of funds have been retained through the implementation of the "High Delivery Transfer " to ensure that listed companies can better expand their business scale in the future,and accordingly,it also caters to the preference of many investors for "High Delivery Transfer " stocks.Many small and medium investors can only judge the profitability of the company through the relevant announcements of the listed company and the corresponding dividend policy,but it is often difficult to deeply understand the real business situation of the listed company due to information asymmetry,so some listed companies will use it.The"High Delivery Transfer" dividend policy is waiting for the opportunity to drive up the stock price.Listed companies that normally implement the "High Delivery Transfer" dividend policy do so because of their good operating performance,sufficient capital reserves,and confidence in their future development potential.However,many listed companies do not meet the above conditions,because There are many motivations and economic consequences for the "High Delivery Transfer" dividend policy,so the "High Delivery Transfer" dividend policy can easily become a means for major shareholders to seek personal interests,which damages the interests of many small and medium investors.Therefore,the research on the motivation and economic consequences of the listed companies’ implementation of the"High Delivery Transfer" dividend policy has certain profound significance.Studying the motivation and economic consequences of "High Delivery Transfer" of listed companies will help to standardize the dividend policy behavior of listed companies,protect the interests of investors from being infringed,and maintain the stable development of the capital market.This paper conducts a deep and systematic study on ST Flower King Eco-engineering Inc’s implementation of the "High Delivery Transfer" dividend policy through case analysis.The research is mainly carried out from the following aspects:Firstly,the background of ST Flower King Eco-engineering Inc’s implementation of "High Delivery Transfer" is introduced,and the company’s dividend policy is sorted out and reviewed;Secondly,analyze its ability to send and transfer,profitability and growth ability to judge the feasibility of implementing the "High Delivery Transfer" dividend policy;Thirdly,analyzing the reasons for its implementation of the "High Delivery Transfer" program,the study found that the company’s implementation of "High Delivery Transfer" in this case has the ability to transmit the company’s development signal,expand the scale of equity and improve he positive effect of stock liquidity and other three aspects.But at the same time,it is also found that its motivation has a bad side.In this case,the actual controller of the company used "High Delivery Transfer" as a tool for personal gain,manipulated other people’s accounts,and insider traded its own company’s stock,and illegally obtained benefits;Then,on the basis of motivation,it analyzes the economic consequences of its implementation of "High Delivery Transfer",and analyzes from three aspects:the impact of "High Delivery Transfer" on itself,the impact on the securities market,and the impact on small and medium investors;Finally,conclusions and suggestions are put forward for the above analysis.It is hoped that investors can rationally view the "High Delivery Transfer" dividend policy,establish a correct investment concept,not blindly follow the trend,not be blinded by various good news,strengthen their own learning,and do a good job in value investment.At the same time,the regulatory authorities should also formulate sound regulatory policies to effectively supervise the implementation of "High Delivery Transfer" of listed companies.