Ownership Structure and Protection of Investors’ Benefits: Evidence from Chinese Listed Companies
Ownership concentration is a substitute of laws because laws can not protect investors benefits. But at the same time, controlling shareholders plunder investors benefits. By empirica l analysis of ownership structure of Chinas listed companies, we can find that ownership concentration, firm-controlling shareholders and balanced-ownership structure can protect investors benefits to a certain e xtent. In the end the measures of the protection of investors benefits are put forward.
ownership structure equity restriction protection of investors benefits
Chen Linrong Liu Aidong
Business School, Central South University, Changsha, P.R.China, 410083
国际会议
4th International Conference on Productinnovation Management(第四届产品创新管理国际会议)
武汉
英文
1144-1150
2009-08-22（万方平台首次上网日期，不代表论文的发表时间）