但不可否认，特许股权计划确实能够稀释收购公司的所有权，并且研究表明目标

But it is undeniable that the concessionary equity plan can indeed dilute the ownership of the acquired company, and research shows that the target company ’s shareholders receive positive and significant abnormal returns. Even if they are no longer used in the market because of the above defects, they still have a high reference Learn from value.

However, there is no denying that the concessional equity plan does dilute the ownership of the acquired company, and the research shows that the target company shareholders have received positive and unusual returns, even if because of the above defects, it is no longer used in the market, but it still has a high reference value.

However, it is undeniable that the franchise plan can dilute the ownership of the acquired company, and the research shows that the shareholders of the target company obtain positive significant abnormal earnings. Even though the above defects exist, it is no longer used in the market, but it still has high reference value.<br>