Research On Corporate Behaviors And Economic Consequences After “recession Increase” From The Perspective Of Risk

Capital-Guaranteed shareholding increasing,a new type of ESOP with the undertaking of large shareholders,has been more and more popular by large shareholders of listed companies since its first appearance in 2015.Capital-guaranteed shareholding increasing refers to the fact that in the downward period of the stock market,the major shareholders of the listed company call on the employees of the company to buy the stock of the company from the secondary market publicly and promise to cover their after they holding these shares for a specified period of time in order to show their determination to protect the stock market and confidence in the share price of the company.This way of ESOP seems to be to transfer a good news to the outside while introducing employee funds,and then to restrain the decline of share price.However,from the point of view of the companies which implement Capital-Guaranteed shareholding increasing in the market,there is less restrained for the company's behavior after the implementation of Capital-Guaranteed shareholding increasing.A considerable part of the companies have not achieved satisfactory results,and had caused many risk factors.Capital-Guaranteed shareholding increasing has not played its due role and even damaged the interests of many investors seriously.At present,there are few studies on such issues in our country.In this context,this paper first combs the previous research literature from three aspects: the motivation and risk of the Capital-Guaranteed shareholding increasing,the incentive effect of employee stock ownership and its impact on the company's stock price;then systematically summarizes the causes of Capital-Guaranteed shareholding increasing in the current market from the macro and corporate perspectives.In the next part,we will select some representative companies which has implemented Capital-Guaranteed shareholding increasing,and summarize the current situation of these companies;Then,Jiaxun Feihong is selected as the case company of this study,we would summarize and analyze a series of major corporate behaviors after the implementation of Capital-Guaranteed shareholding increasing of Jiaxun Feihong and analyzing the economic essence and economic consequences of this time.we can find out the risk points through these analyzing and according to the changes of the company's financial data,then summarize them according to different stakeholders.Finally,according to these risk points,some theoretical suggestions are put forward for investors,listed companies and regulators to refer to.