本科论文摘 要 近些年来，随着上市公司的发展，“高送转”这种分配方式在上市公司中得以应用。本文以上市公司“高送转”动因问题探讨为论文题目进行分析，首先介绍本文的研究背景、国内外研究现状以及创新点等有哪些；其次分析论文相关理论，比如最适价格假说、信号传递假说、价格幻觉假说、除权日效应以及公告效应等；另外对上市公司“高送转”的动因框架进行分析，包括促进上市公司整体运营发展、增加投资者的利益以及提高上市公司的盈利能力、带动内生性增长等等。除此之外，分析上市公司“高送转”国内现状分析，包括上市公司股权集中度高、导致“高送转”整体运营不畅以及“高送转”过程中投资者心理过于强烈、影响规模经济发展等。最后，在以上分析的基础之上，提出解决对策，包括明确对于“高送转”的理解，降低股权集中度等。关键词：上市公司，“高送转”，股权集中度，投资者本科论文Abstract In recent years, with the development of listed companies, the distribution mode of "high transfer" has been applied in listed companies. This paper analyzes the motivation of "high transfer" of listed companies, first introduces the research background, domestic and foreign research status and innovation points, and then analyzes the relevant theories, such as the optimal price hypothesis, the signal transmission hypothesis, the price illusion hypothesis, the divestment effect and the announcement effect. dynamic endogenous growth and so on. In addition, the analysis of the domestic status of listed companies, including the high concentration of shares of listed companies, resulting in the overall operation of high transfer is not smooth, and the process of high transfer investors psychology is too strong, affecting the development of economies of scale. Finally, on the basis of the above analysis, put forward solutions, including clear understanding of high transfer, reduce equity concentration and so on. Key words: Listed Company，High Transfer，Equity concentration，Inves...
