Share Split Reform，Shareholder Structure and Stock Price: A Theoretical and Simulating Empirical analysis of China Based on DSSW Model

摘要：

This paper extended DSSW model to analyze the effect of share split reform on stock prices in China. We found that under the condition of much high rate of noise investors and singularly large proportion of non-marketable shares, shock of share split reform reduced the confidence of noise investors, and stock prices would sharply decline, which strongly proved by the evidences of simulating empirical analysis.

关键词： China DSSW model Share split Shareholder structure Stock price

作者: 沈坤荣 方文全

作者单位: 南京大学商学院经济系,江苏南京210093

会议类型: 国际会议

会议名称: 2006年中国国际金融年会

会议地点: 西安

会议语种:英文

在线出版日期: 2006-07-17（万方平台首次上网日期，不代表论文的发表时间）