Analysis on Deviation of Ultimate Controlling Right from Cash Flow Right and Influence on Chinese Enterprise Performances
This article studied the problems in privative corporate governance. The deviation of ultimate controlling right from cash flow right is a distinct feature of listed companies in China. The paper first defined ultimate controlling right, analyzed the influence of its deviation on the corporate performance, finally probed how the ultimate controlling shareholders deprive small shareholders of their benefits. An empirical verification was conducted on data from some listed Chinese manufacture companies. Relevant solutions were suggested at the end.
Ultimate Controlling Right Cash Flow Right Deviation Interest Encroachment
LIANG Xiaojie
School of Management, Tianjin University, Tianjin, P.R.China, 300072
国际会议
2009 International Institute of Applied Statistics Studies(2009 国际应用统计学术研讨会)
青岛
英文
1-6
2009-07-25（万方平台首次上网日期，不代表论文的发表时间）