Research on the Impact of Debt Default Events on Chenming Paper’s Stock Price

• 발행기관: 아시아무역학회
• 저자명: Wua Kun
• 간행물 정보: 『Journal of Asia Trade and Business』vol.11 no.2, 13~20쪽, 전체 8쪽
• 주제분류: 사회과학 > 무역학
• 파일형태: PDF
• 발행일자: 2024.12.31

국문 초록

Purpose – This study aims to explore and analyze the factors behind the fluctuations in Chenming Paper’s share price, particularly focusing on the impact of the announcement of the company’s debt default and the freezing of some bank accounts in the early morning of November 20, 2024 (hereinafter referred to as the “Debt Default Incident”), on the share price of Shandong Chenming Paper Group Holdings Co., Ltd. It also aims to reveal the shock effect of significant financial events on investor confidence and the company’s market value. Design/Methodology/Approach – The study begins by introducing Chenming Paper’s industry background and its financial status in recent years. It then employs the Event Study Methodology to analyze fluctuations in Chenming Paper’s share price before and after the Debt Default Incident. Findings – The results indicate that the Debt Default Incident had a short-term negative impact on Chenming Paper’s share price, with the fluctuations reflecting investor expectations and reactions to the event. Research Implications – The research findings contribute to the understanding of the causes of the short-term fluctuations in Chenming Paper’s share price, particularly the impact of debt default incidents on the share price, providing important reference value for investors and regulators.

목차

Ⅰ. Introduction

Ⅱ. Theoretical Background

Ⅲ. Research Method

Ⅳ. Conclusions and Limitations

References

키워드

Chenming Paper Debt Default Event Study Methodology Share Price Fluctuation