Over-financialization of listed companies

Author: Zhao Tao
Publisher:
Publish Date: 2005-05-01
Features: Over-funding by listed companies is often referred to as "money laundering" by investors. When funding news is released, investors flee in droves. This book provides an in-depth analysis of the reasons behind over-funding by listed companies, pointing out the inevitable consequences of non-tradable shareholders pursuing profit maximization. It effectively reveals the reasons for the failure of past market-oriented reforms in stock financing, helps to clarify policy design thinking, and provides a decision-making basis for the government to introduce relevant policies in the future.