Assets Injection,Liquidity Premium and Market Environments

摘要：

This paper finds that market environments have a significant impact on the assets injection of major shareholders.Before the reform of non-tradable shares,if major shareholders inject assets into listed company,the return is quite small and their enthusiasm is limited.However,since they could get excess return through the magnifying effect after the reform,cases of assets injection have increased remarkably.Our empirical test also proves this viewpoint.

关键词： Major Shareholders Listed Company Assets Injection Motivation Liquidity Premium

作者: Zhujia Yin Jianhuan Huang Jianhong Zheng

作者单位: School of Economics and Management,Changsha University of Science & Technology School of Economics and Trade,Hunan University Guangdong Industry Technical College

会议类型: 国际会议

会议名称: The 2008 International Conference on Business Intelligence and Financial Engineering(BIFE 2008)(商业智能和金融工程国际会议)

会议地点: 长沙

会议语种:英文

页码: 919-924

在线出版日期: 2008-10-28（万方平台首次上网日期，不代表论文的发表时间）