摘要
本文运用事件分析法对控股股东减持公告后的股价变动进行实证后发现,控股股东的减持行为具有信号效应,减持会对股价产生下跌的压力;在不同的市场环境中控股股东减持的信号效应对股价的影响差别很大。
The event analysis method is used to empirically study the stock price volatility due to controlling shareholders＇.selling announcement.The result shows that controlling shareholders＇ selling behavior has signal effect.Controlling shareholders＇ selling behavior will bring about the fall of stock prices.In different market environment,the signal effect of controlling shareholders＇ selling behavior varies greatly.
出处
《特区经济》
北大核心
2011年第10期106-108,共3页
Special Zone Economy
基金
教育部人文社会科学项目"后股权分置时代中国上市公司大股东行为特征及其监管研究"(08JA790043)资助
关键词
控股股东
减持
公告
股价波动
Controlling shareholder
Selling announc-ement
Stock price volatility
