股权分置对价方案的评估与市场反应分析.doc

- -- causing different opinions and arguments from non-tradable shareholder, institutional investors, individual investors as well as scholars. It’s important to evaluate compensation plans made to non-tradable shareholders and to conduct an empirical study on the reaction of the market upon the announcement of the compensation plan in the pursuit for key factors. Our study can help investors with more accurate judgment on the market, help non-tradable shareholders to learn more about market’s reaction to compensation plans and provide CSRC and other regulatory institutions with more feedback