Rational Choice to the Share Merger Reform Schemes

摘要：

45 listed companies share merger reform schemes are examined in this paper. Among these schemes, about 80％ include a pure bonus share arrangement while they can be classified into 6 categories. Analysis and comparison about the impact of each category of schemes on the companiesfinancial ratios, financial objective functions are made for identifying rational choices. Results show that rational choices are eomrnon in following a downsizing reform routes. Some irrational factors are also illustrated in the paper.

关键词： Listed Company Share Merger Reform Financial Objective Function

作者: HE Yunlong GAO Yang

作者单位: Changsha University of Science & Technology,Changsha,410076,China

会议类型: 国际会议

会议名称: 2008 International Conference of Management Science and Engineering(2008管理科学与工程国际学术会议)

会议地点: 河南焦作

会议语种:英文

页码: 1003-1008

在线出版日期: 2008-11-01（万方平台首次上网日期，不代表论文的发表时间）