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New incentive policy effects of China????????????????s listed firms of logistics industry

机译:中国物流业上市公司的新激励政策效应

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In this paper, we conduct an event study to investigate how China????s equity market responds to announcements of new incentive policy of logistics industry. Examining 16 listed firms of Shenzhen market and 25 listed firms of Shanghai market in 2012 under the influence of logistics industry with a time window of 31 days, we find that new incentive policy had positive impacts on China????s stock market. And the new incentive policy increase both the firms???? value and shareholders????wealth after the announcement.
机译:在本文中,我们进行了一项事件研究,以研究中国股市如何响应物流业新激励政策的宣布。在物流业的影响下,以31天的时间窗考察了2012年深圳市场的16家上市公司和上海市场的25家上市公司,我们发现新的激励政策对中国股票市场产生了积极影响。新的激励政策使两家公司都增加了?价值和股东??财富在公告之后。

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