DocumentCode
2142986
Title
Notice of Retraction
Study on Impact of Small and Medium Board Listed Companies Performance before and after Non-Tradable Share Reform------ An Empirical Study of Chinese Listed Companies
Author
Zhen Yi Wang ; Li Su ; Dandan Guo ; Xiaohong Fang
Author_Institution
Coll. of Econ. & Manage., Wuhan Univ. of Sci. & Eng., Wuhan, China
fYear
2010
fDate
24-26 Aug. 2010
Firstpage
1
Lastpage
5
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
It has caused a wider concern that what kind of influence has had on the performance of the company after the Non-tradable share reform. This paper takes 50 small and medium-sized board listed Companies companies as samples that had non-tradable share reformed in 2005, test the range of 5 years before and after the non-tradable share reform, and inspect the company´s stock performance impact before and after the reform. The results showed that: non-tradable share reform has made the overall performance of small and medium-size board company generally showing the characters that rising at first and falling later. Specifically, There was a marked drop in the short-term (the current year and the first year of non-tradable share reform ) , and then (after the share reform next year, the third year) has been gradually increasing.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
It has caused a wider concern that what kind of influence has had on the performance of the company after the Non-tradable share reform. This paper takes 50 small and medium-sized board listed Companies companies as samples that had non-tradable share reformed in 2005, test the range of 5 years before and after the non-tradable share reform, and inspect the company´s stock performance impact before and after the reform. The results showed that: non-tradable share reform has made the overall performance of small and medium-size board company generally showing the characters that rising at first and falling later. Specifically, There was a marked drop in the short-term (the current year and the first year of non-tradable share reform ) , and then (after the share reform next year, the third year) has been gradually increasing.
Keywords
share prices; small-to-medium enterprises; stock markets; company stock performance; medium-sized board listed company; nontradable share reform; small-sized board listed company; Companies; Principal component analysis; Security; Stock markets; Testing;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science (MASS), 2010 International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-5325-2
Type
conf
DOI
10.1109/ICMSS.2010.5575954
Filename
5575954
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