Governance Impact of Leadership Structures on the Control Rights Transferred in the Capital Restructuring

摘要：

In this study We document 376 listed companies of control rights transferred over five-yearperiod 2001-2006.Results indicate a significant effect but in a direction opposite to that expected.Forlisted companies of control rights transferred, the relation between leadership structure and corporateperformance was adjusted sig-nificantly by surroundings variables and though control rights transferredwasnt affected. On the while, leadership structure dummy and corporate performance were significantlinear correlation. Therefore, dual leadership structures were beneficial to control rights transferred andwere positive correlation with corporate performance. But in the different categories, influence betweenleadership struture and corporate performance was different. In general, dual leadership condition hadthe significant influence on corporate performance and had no significant effect on the control rightstransferred. The study is significant because it supports the need to consider personality andenvironmental factors in control fights transferred together.

关键词： Control rights transferred Leadership structure Performance merger and acquisition

作者: ZHU Qi WANG Mansi

作者单位: School of Economics and Administration,South.China,Normal University,Guangzhou,P.R.China,510631 School of Business,Guangzhou University,Guangzhou,P.R.China,510006

会议类型: 国际会议

会议名称: The 5th International Annual Conference on WTO and Financial Engineering(第五届WTO与金融工程国际会议)

会议地点: 杭州

会议语种:英文

页码: 261-269

在线出版日期: 2008-05-18（万方平台首次上网日期，不代表论文的发表时间）