State Shares

There is a positive correlation between earnings management and the ratio of the state shares .

盈余管理程度与国家股比例正相关。

State-owned enterprises institutional originality and transaction of state shares

国有企业制度创新的现实障碍和国家股流通思路初探

A Comparision between the Methods of Setting State Shares ' Price

上市公司国有股定价方式比较分析

A Study of Selling State Shares through Merger & Acquisition

通过并购市场实现国有股减持研究

Meanwhile , the state shares should circulate according to market principles and therefore increase in value .

同时还要赋予国家股票增值和增收的使命并按市场原则加以营运，提高国家的宏观经济调控能力。

The dilemma and countermeasure of the state shares reduction

国有股减持的困境与出路

The pricing of state shares is one of the key factors in the reduction of state shares .

国有股的定价是国有股减持的关键问题之一。

There is an U shape relationship between the fraction of state shares and debt ratio ;

国家股比例与债务比率成U型关系；

Probe into Recombination Modes of State Shares

国有股重组方式的探讨

Ownership Split and Liquidity Premium of State Shares : A Liquidity-Based Economic Analysis

股权分裂与国有股流动性溢价：基于流动性的经济学分析

Firstly , this paper discusses the motive of the state shares ' repurchases and its specific meanings .

本文首先探讨上市公司进行股份回购的动因及其在我国的特殊意义，在此基础上，以冰箱压缩、云天化和申能股份国有股回购为例，对上市公司国有股回购行为进行财务与事件收益分析。

Investors fear that any sell-off of state shares will swamp the market and flatten prices .

投资人担心，任何国有股抛售都将令市场股票泛滥，并打压股价。

The State-owned shares of listed companies mentioned in these Provisions include the State shares and the State-owned corporate shares .

第二条本规定所指上市公司国有股、包括国家股和国有法人股。

A basic design is proposed on the base of analyzing the reason that the state shares reduction is in the dilemma in the paper .

本文分析了国有股减持陷入困境的深层次原因，并提出了解决国有股减持问题的基本思路。

The shares of listed companies are divided into state shares , legal person shares , ordinary shares which can only circulation .

上市公司的股权人为的划分为国家股、法人股、普通股，其中只有普通股可以流通。

But in the State-owned holding companies there exists special shareholding structure , which only the State shares is in the dominate position .

但是由于国有控股公司内存在着特殊的股权结构，即国有股一股独大。

To realise the value of their non-tradeable state shares , state-owned enterprises needed to render them tradeable .

为了实现非流通国有股的价值，国有企业需要流通这些股票。

This required approval from minority shareholders , who feared dilution from the release of a large overhang of state shares .

这需要得到小股东的批准，而小股东则担心释放大量悬置的国有股会起到稀释股权的作用。

The state shares reduction is both the demand that the state economy implements strategic adjustment and the requirement that the stock market of China walk up to standardization .

国有股减持既是国有经济实行战略性调整的需要，又是中国股市走向规范化的客观要求。

Specifically , the proportion of the largest shareholder , the state shares , outstanding shares , the board level of diligence and corporate governance characteristics of debt financing and other variables significantly affect the quality of auditing .

具体而言：第一大股东持股比例、国家股、流通股、董事会勤勉程度以及债务融资等公司治理特征变量显著影响审计质量。

Specifically : the Z index has a significant negative effect on the performance of corporate M A ; proportion of state shares and corporate M A performance was a significant positive correlation ; the proportion of tradable shares and corporate performance is negatively correlated .

具体结论如下：Z指数对公司并购绩效具有显著的负效应；国家股比例与公司并购绩效呈显著正相关；流通股比例与公司并购绩效呈显著负相关。

Lessening policies of state shares the central government issues when the stock market is bearish market has dynamic inconsistence characteristics , therefore , dynamic analysis of those characteristics based on game theory with perfect information can help comprehend the lessening policies of state shares completely .

由于政府在股市处于低位时宣布国有股停止减持的政策具有动态不一致性，因此运用完全信息动态博弈分析方法对这种性质进行深入分析，以加深对国有股减持政策的认识。

Study on the pricing in the allotment of state owned shares

国有股配售定价研究

Classification of State Owned Shares and the Reduction of State Owned Shares

国有股分类与国有股减持

And the higher proportion of state holding shares and senior managers holding shares has negative effects on enterprises'internationalization .

内资股份制企业中，国有股份越多，高层管理人员股份越高，越不利于企业国际化；

Reform the management system of the listing companies , and establish the listing companies corporate governance system based on the agent 's system of the state ownership shares and legal person shares .

二是实行上市公司产权制度的改革，以国有股、法人股代理人制度为基础，建立上市公司的内控治理机制；

And the results show that : ( 1 ) The state owned shares and legal person shares of the pharmaceutical manufacturing industry are gradually withdrawn from the market , flowing into circulation area . The public shares proportion is gradually increased , the shares are basically on circulation .

研究表明：（1）医药制造行业的国有股和法人股正在逐渐退出市场，进入流通领域，公众股比例逐渐攀升，股票基本实现全流通，股权分置改革初显成效。

The Effects of State - owned Shares Transfer in China

从国营到国有&国家股转让效果分析

An Analysis on the Circulation of State - Owned Shares

国有股流通问题浅析

Ten Methods of Reducing the State - owned Shares

国有股减持的十大方式