Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

Research on the Impact of Stock Pledge Ratio of Controlling Shareholder on Share Price in A-share Exchange Market

Authors
Shunxiang Wen1, *, Chuhong Liao2, Ruxin Chen3
1Warwick Business School, University of Warwick, Coventry, CV4 7ES, United Kingdom
2Business School, The University of Sydney, Sydney, NSW 2006, Australia
3School of management, Hebei GEO University, Shijiazhuang, Hebei 050000, China
*Correspondence author email: Shunxiang.Wen@warwick.ac.uk
Corresponding Author
Shunxiang Wen
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.082How to use a DOI?
Keywords
equity pledge ratio; share price; A-share Exchange Market
Abstract

Equity pledge is a kind of pledge with the equity of the investor as the target. In recent years, equity pledge as a new financing method, has been adopted by more and more listed companies due to its advantages of convenience and efficiency. The purpose of this paper is to analyse the influence of controlling shareholder’s equity pledges on a-share stock price. By choosing net income and net cash flow from operating activities as control variables and using the method of multiple regression analysis, this paper studies the influence degree of controlling shareholder’s equity pledge on stock price fluctuation. After analyzing the data of some listed companies, this study finds that equity pledge ratio has a significant effect on stock price in A-share Exchange Market.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.082How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Shunxiang Wen
AU  - Chuhong Liao
AU  - Ruxin Chen
PY  - 2022
DA  - 2022/03/26
TI  - Research on the Impact of Stock Pledge Ratio of Controlling Shareholder on Share Price in A-share Exchange Market
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 510
EP  - 515
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.082
DO  - https://doi.org/10.2991/aebmr.k.220307.082
ID  - Wen2022
ER  -