Control of Large Shareholders and Corporate Sustainable Growth
Based on the difference between private benefits of control and excessive benefits of control,we have measured the corporate sustainability by means of sustainable growth rate and studied how it is influenced by large shareholderscontrol rights.It is discovered that the positive correlation between two variables,the control of large shareholders and corporate sustainable growth,is significant,with the variables of risk level,size,industries and information openness being equal.It is presented with a non-linear inversed S-curve.Therefore,a majority of benefits of control from large shareholders can be considered justified.
control rights sustainable growth private benefits of control excessive benefits of control
Shaobo Liu Kebin Deng
Finance Institute of JiNan University School of Management,GuangDong University of Foreign Studies
国际会议
长沙
英文
105-113
2008-10-28（万方平台首次上网日期，不代表论文的发表时间）