Analysis On The Increase Of Major Shareholders’ Share Of Wantong Technology In The Motivation And Performance

Since the implementation of the shareholding system reform,with the constant changes in the economic situation,China’s stock market has entered a new era.Domestic stock market has made a lot of adjustments,such as non-tradable shares and tradable shares are allowed to be exchanged.The rise and fall of stock price further improves the correlation with the performance of listed companies,and the trend of stock price more directly affects the vital interests of major shareholders.With the improvement of the trading mechanism of the stock market,more and more major shareholders’ trading behaviors appear in the secondary market,and positive measures are taken to exert a positive influence on the trend of the company’s stock price.In recent years,China Securities Regulatory Commission and other relevant departments have issued a number of policies aimed at actively guiding and motivating the behavior of equity trading.The trading behaviors of all parties in the domestic stock market are gradually standardized,and the operation frequency of increasing and decreasing the shares held by major shareholders of listed companies is increasingly frequent,which has a certain influence on the trend of the stock market.In foreign academic circles,the research on the behavior of large shareholders to increase their holdings is controversial in many points of view,and due to the differences in stock market structure and policy orientation,the research results are not universally applicable.In domestic academic circles,the increasing frequency of major shareholders’ overweight behaviors in recent years partly verified the accuracy of the earlier research results,but also highlighted many empirical deficiencies and defects.The follow-up research conclusions need to be improved and verified for a longer time.At present,the domestic related research mainly adopts the empirical study of large sample analysis,generally the research conclusion high practical value,and from the perspective of the specific case to in-depth analysis and interpretation of the major shareholders of listed companies increase or decrease the motivation methods does not see more,for large shareholders to increase after the performance effect of study,most also only stay in a large sample analysis phase.The case study method is not only a good supplement to the empirical research method,but also can form more practical opinions and conclusions,and can more accurately analyze the substantial impact of the large shareholder’s holding on the various participants in the stock market.The research conclusions can provide effective guidance and reference value for the behavior of major shareholders in the stock market to increase their holdings,and even provide some theoretical support for the formulation of relevant policies in the domestic stock market.In this paper,case analysis method and normative research method are adopted to summarize the existing research results,and the concept,related theories,motivation and performance effect mechanism of major shareholder’s overweight are comprehensively summarized.Then the substantial case analysis is carried out,with the major shareholders of Wantong Technology as the research object,the motivation of the major shareholders to increase their holdings is analyzed in detail,and the influencing factors such as the reasons,means and timing of the listed major shareholders to increase their holdings are explored.Through the analysis of the multiple effects after the overweight behavior,it provides the theoretical basis for the market participants to accurately grasp the market signal of the overweight behavior and then develop the investment strategy.At the same time,all the research and analysis of this paper also bring academic support for the equity operation behavior and improvement of governance and management structure of domestic listed companies.This paper is divided into five chapters.The first chapter describes the background and significance of the research,reviews the research status at home and abroad,and makes a comprehensive review,and introduces the research ideas and methods.The second chapter summarizes some relevant theories in the research field of the major shareholders’ overweight behaviors of listed companies and provides important basis and arguments for the research methods.The third chapter is the introduction of the case of wantong technology shareholding.The fourth chapter is the performance effect and the reason analysis of wantong technology’s major shareholders.The fifth chapter is the research conclusion and enlightenment of the case analysis of wantong Technology’s major shareholder’s holding.The operation frequency of increasing or decreasing the shares held by the major shareholders of the city company is more and more frequent,and it has certain influence on the trend of the stock market.In foreign academic circles,the research on the behavior of large shareholders to increase their holdings is controversial in many points of view,and due to the differences in stock market structure and policy orientation,the research results are not universally applicable.The research in this paper can provide comprehensive and objective theoretical support for major shareholders of listed companies,and also provide professional and appropriate reference for investors in securities investment.Of course,the conclusions of individual characteristics can not completely solve and explain the vast market situation,and the follow-up research needs to be further explored.In general,the research results of this paper have good practical significance and high practical value.