Even non-tradable share reform failed to thoroughly change the situation.
即使是股改也未能彻底改变这一局面。
We find evidence that 1 The share reform has positive impact on market reactions to related party transactions.
研究发现：股改对关联交易的市场反应有显著的正向影响。
This has resulted in a series of research and discussions on the relevant legal problems of share reform in the academia.
由此引发了理论界对整个股改中涉及的相关法律问题思考与探讨。
In addition, the study also finds that the non-tradable share reform has been impacting the investor's valuation standards.
此外，本文研究还显示，股权分置对于投资者行为及其估值标准有基本而重要的影响。
We believe it is almost CERTAIN that the new share reform proposal will be approved in mid-June and the share price will FLY after it.
我们相信预定六月中旬审批的深发展股改方案通过几成定局，届时股价将会飞涨。
The results show that whereas the A-share markets were inefficient before spilt share reform, they have reached the weak-form efficiency after that.
检验结果表明，股改前市场是非有效的，股改之后市场达到了弱式有效。
Based on the sample of the non-tradable shares transfer and restricted shares transfer, the paper analyzes the tunneling before and after the non-tradable share reform.
基于非流通股协议转让交易的样本和限售股协议转让交易的样本，实证检验了股改前后上市公司的利益输送行为。
Whether from the perspective of technique or law, there exist lots of legal problems urgently need to be tackled when it comes to the implementation of share reform policies.
股改政策的实行，无论是从操作技术角度还是从法律角度，也都存在许多亟待解决的法律问题。
Share-holding system is a form of capital organization and is an inevitable choice of reform of state enterprises.
股份制是一种资本组织形式，它是国企改革的必然选择。
Our study suggests that controlling shareholders will show more concern about stock price as share structure reform goes on, and earnings management will be widely used as a way to manipulate price.
本文的分析结果表明，随着股改的深入，大股东将更为关心二级市场的股价，同时更可能利用盈余管理进行股价操纵。
Therefore must radically reform, for state-owned share with the social share of the public purchase cost draw back share, on this foundation, realize the circulation of state -owned share.
因此，必须正本清源，对国有股以社会公众股的购买成本进行缩股，在此基础上实现国有股的流通。
This paper gives corresponding explanations China's combined with characteristics of market before and after the split share structure reform.
结合我国股改前后的市场特征，提出了相应的解释。
With the deepening of the housing system reform and sociality job share, the real estate industry is developing actively.
随着我国住房体制改革和社会分工的不断深化，物业服务行业蓬勃发展。
The shareholders of the pilot listed companies may decide the share-trading reform schemes by themselves.
试点上市公司股东自主决定股权分置问题解决方案。
Therefore the share segregation reform have no significant impact to corporate key financial indicators.
股改并未对构成企业经营绩效的主要指标造成明显影响。
Therefore the share segregation reform have no significant impact to corporate key financial indicators.
股改并未对构成企业经营绩效的主要指标造成明显影响。
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