Analysis On The Motivation And Economic Consequence Of "High Transfer" Of Bangjie Holding Group Co.,Ltd

Dividend distribution policy is not only related to the future development of listed companies,but also closely related to the interests of shareholders.When listed companies issue reasonable dividend distribution policies,it will promote the better development of enterprises.Among them,stock dividends are popular with investors.In China’s capital market,the dividend distribution policy of "high transfer" is not only the preference of the management of listed companies,but also caters to the preferences of investors.This paper analyzes the motivation and economic consequences of the implementation of "high transfer" by Zhejiang Bangjie Holding Group Co.,Ltd.(hereinafter referred to as "Bangjie shares"),so as to provide a basis for investors’ rational investment,provide reference for managers’ decision-making,and help regulators supervise the dividend distribution behavior of listed companies,Create a good investment environment for investors.Based on all kinds of literature read,studied and combed,this paper adopts the method of case analysis,and applies the event research method to conduct a comprehensive and systematic research on the "high transfer" dividend distribution policy of Bangjie shares: from introducing the background of the implementation of "high transfer" of Bangjie shares,To analyze the motivation and short-term market reaction of the company’s implementation of the "high transfer" dividend distribution policy by studying the process and rationality of the "high transfer",and to study the impact of the company’s implementation of the "high transfer" dividend distribution policy on its long-term performance from the four relevant capabilities of listed companies,It is concluded that "high transfer" dividend policy has an effective short-term abnormal income effect,which is helpful to increase the income of listed companies;The dividend policy of "high transfer" has a positive impact on the long-term market response of Bangjie shares;Investors should dialectically treat "high delivery and transfer";When listed companies have good performance support,the implementation of "high transfer" will have a positive impact.Finally,specific suggestions are put forward for investors,managers and regulators: investors should not only maintain independent thinking and rational judgment,but also improve their professional analysis ability;Managers of listed companies should not only formulate reasonable dividend distribution policies,but also gradually improve the company’s internal control system;Regulators should not only strengthen management and gradually implement the information disclosure system,but also strengthen management and establish a complaint mechanism.In short,through the case study of Bangjie Co.,Ltd.,this paper puts forward some suggestions for relevant investors to promote investors to make rational investment;It also provides help for the healthy development of listed companies;At the same time,it also helps regulators to implement better supervision and create a good investment atmosphere.Unlike most scholars who use empirical research methods when studying the relevant issues of "high transfer",this paper uses case study method to analyze specific companies,from the motivation of implementing "high transfer",to the economic consequences of its short-term market response and long-term performance,and then to countermeasures and suggestions,forming a vertical analysis chain,so as to enrich the relevant research in the field of "high transfer".