By comparing the trading volume, price, variance of return and beta of the underlying stocks before and after the warrants issue, the research analyzes the microeffect of the warrants issue event.
Simultaneously, model of monopoly-as-seller andmodel of share's intrinsic value determination with finitary holdingperiod are integrated into securities investment analysis.
The constrained operations means pending investigations in securities violations have ground to a halt, and there is no one reviewing applications for company stock offerings to raise cash or consider merger and acquisition filings.