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Title: |
How Market Reaction to Stock-Based Compensation for Employee in China Stock Market? |
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Source: |
International Conference on Engineering and Business Management 2012(Part 1 Enterprise Operation and Management（1）)
(pp 22-25)
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Author(s): |
Jianguang Zhang, The Department of Military Economics, Engineering University of CAPF, Xi’an, China, 710086 |
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Abstract: |
In December 2005, the China Securities Regulatory Commission (CSRC) releases Stock-based incentive management regulation List company (try out) which indicates a new group of strategy incentive methods introduced to corporation government. 37 list companies announce their stock-based incentive plans from December 2005 to December 2006 inChina. How market reaction to this news released inChinastock market? Our research results test that market investors only in day -1 and 0 have a positively reaction, also an over reaction. There is no existence average cumulative return in the trading interval (-5, 5). However, the results explain that market investors not generally accepted in Chinese capital market.
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