Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)

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Research on the Impact of Fallback Share-Raising on Minority Shareholders’ Interests

Take C&S Paper Company as an Example

Authors
Bole Chen1, *
1Nanjing University of Science and Technology, Nanjing, China
*Corresponding author. Email: 905572396@qq.com
Corresponding Author
Bole Chen
Available Online 29 March 2023.
DOI
10.2991/978-94-6463-124-1_14How to use a DOI?
Keywords
Fallback Share-raising; Corporate Behavior; Minority Shareholders’ Interests; C&S Paper Company
Abstract

Since 2015, the chairpersons or the actual controllers of the companies in China have been encouraging employees to increase shareholdings of their own companies by announcing Fallback Share-raising. This behavior which intends to stabilize or promote the companies’ stock prices seems to be harmless to minority shareholders, however, it can imply that the company is already facing risks and the interests of minority shareholders, especially those who look for quick profits are likely to be harmed. This paper introduces the background and implementation of Fallback Share-raising, then lists several features. Based on these, the paper analyzes the risks for minority shareholders. C&S Paper Company is selected to measure the risks using event study methodology. Finally, the paper summarizes the existing harm and gives some suggestions on how to reduce the hazards of Fallback Share-raising.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 March 2023
ISBN
10.2991/978-94-6463-124-1_14
ISSN
2352-5428
DOI
10.2991/978-94-6463-124-1_14How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Bole Chen
PY  - 2023
DA  - 2023/03/29
TI  - Research on the Impact of Fallback Share-Raising on Minority Shareholders’ Interests
BT  - Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
PB  - Atlantis Press
SP  - 109
EP  - 117
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-124-1_14
DO  - 10.2991/978-94-6463-124-1_14
ID  - Chen2023
ER  -