An Empirical Study on Equity Structure,Control Benefits and Controlling Shareholders Behavior

摘要：

In this paper, the empirical study finds out that 1) the higher equity possed by the first shareholder, the higher control benefits can be gained;2) the mutual check-and-balance between the second shareholder and the first shareholder helps to regulate the expropriation behavior of Controlling Shareholder and to reduce Control Benefits. Therefore, it can be concluded that lowering the equity concentration degree and improving effects of check-and-balance equity is the key of regulating controlling shareholders behavior.

关键词： Equity Structure Control Benefits Controlling Shareholder Regression Analysis

作者: Tu Qiaoping

作者单位: Institute of Management Science and Engineering, Henan University, Kaifeng , PR China 475001

会议类型: 国际会议

会议名称: The 15th International Conference on Industrial Engineering and Engineering Management(IE&EM2008)(第十五届工业工程与工程管理国际学术会议暨中国机械工程学会第11次工业工程年会)

会议地点: 郑州

会议语种:英文

在线出版日期: 2008-09-20（万方平台首次上网日期，不代表论文的发表时间）