股改后增发活动中的股价操纵行为研究

After the Issuance of Shares of Reform Activities in the Behavior of Stock Price Manipulation

将运用事件研究法,对股权分置改革之后的上市公司增发活动进行实证研究。研究表明,股改后增发活动依然存在股价操纵行为,但是操纵的趋势不同于股改前,并且这种操纵行为是建立在信息不对称基础上的。

This paper will use the event study method, right after the split share structure reform of listed companies to conduct additional activities in empirical research. Studies have shown that after the issuance of shares to change the activities of stock price manipulation still exists, but the trend is different from the stock manipulation of pre-reform, and this manipulation is built on the basis of information asymmetry.