④ pay later placements role in the transmission of money and stimulate the stock. compensation will not cause an outflow of assets or liabilities increase, it turns only internal adjustment capital structure, ie reduce the amount of retained projects while increasing the share capital by the amount, but also may result in increased statutory reserve less change, but Equity does not change.
Stock dividends will cause a reduction in earnings per share dividends, market price per share dividend can therefore also fell, while the proportion of shares held by shareholders will not change, so that the total market share held by the shareholder value unchanged.