Research on controlling shareholders'stock increase from the perspective of consistent action persons'equity pledge
In the context of equity pledge,stock increase is an important way for controlling shareholdersin their response to the risk of control transfer.The study finds that when consistent action persons have equity pledges,controlling shareholders are more likely to increase their holdings,and the higher the proportion of equity pledged by consistent action persons,the greater the proportion of increase in holdings by controlling shareholders.When controlling shareholders also have equity pledges,this positive impact remains significant.Furthermore,the higher the net pledge ratio of consistent action persons,the greater the proportion of increase in holdings by controlling shareholders.Further research reveals that state ownership plays a positive moderating role in the relationship between them.This study provides a reference basis for relevant departments in their coordinated supervision,and helps investors to interpret the stock increase behavior of controlling shareholders.
万方数据
维普
