Overcapitalization of Listed Companies (Academic Series of Economics, Henan University) (Academic Series of Economics, Henan University)

Author: Zhao Tao
Publisher:
Publish Date: 2005-05-01
Features: Overfinancing by listed companies is often referred to as "money laundering" by investors. Once financing news is released, investors flee in droves. This book provides an in-depth analysis of the reasons behind overfinancing 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 the stock market, helping to clarify policy design thinking and providing a basis for the government to formulate relevant policies in the future.