Equity Division and Investment Behavior of Listed Companies

Author: Li Zhenming
Publisher:
Publish Date: 2005-11-01
Features:
· Fills the gap in the research on investment behavior of listed companies under the state-owned share separation system, and provides references for comprehensive studies on the impact of share separation on the efficiency of the Chinese stock market and the operational performance of listed companies.
· Systematically elaborates on the channels through which share separation affects the value of listed companies, and clearly proposes the central thesis of corporate governance, arguing that the impact of share separation on the investment behavior of listed companies is fundamentally a corporate governance issue.
· Conducts an in-depth exploration of share separation and its influence on the investment behavior of listed companies from the perspective of institutional change and evolution, offering a new research perspective for related studies.
· Empirically investigates the capital formation issues of Chinese listed companies under the state-owned share separation system, providing insights into the efficiency and sustainability of China's economic growth. Share separation, this unique "institutional arrangement," is a distinctive feature of the Chinese stock market compared to stock markets in other countries. This book analyzes the current state and origins of share separation, with a focus on the investment behavior of Chinese listed companies under this system, a topic rarely addressed in stock market research and of academic value. Additionally, it employs institutional economics theory to analyze the reasons for its existence, its underlying causes, and potential consequences, providing a theoretical basis for China's stock market reforms and serving as a reference for macroeconomic regulation.
Target Audience: Libraries, economic junior colleges and universities, securities firms, individual investors, relevant research institutions, and policy makers.