The analysis of reasons and the governance methods about the major shareholders violate the rights and interests of the medium and small ones
The supervise costs transferred from the medium and small shareholders to the major ones causes that the actual income in per share of the latter is less than that of the former, which violate the rule of equal benefits among the shares. Resorting to the absolute right of surplus control, the major shareholders have incentive to interior the supervise costs to the medium and small shareholders and cause to violate their rights and interests. At present, it is too low efficiency for three ways to supervise the major shareholders in security market to protect the medium and small shareholders. According to the agency theory, the function reorientation and mechanism re-set of the independence directors can raise the efficiency of protecting the rights and interests of the medium and small shareholders.
Xu heqing
The economic and management college,Shangrao Normal University，Shangrao, China, 334001
国际会议
4th Conference on System Science,Management Science & System Dynamics(第四届系统科学、管理科学&系统动力学国际会议)
上海
英文
187-193
2010-12-10（万方平台首次上网日期，不代表论文的发表时间）