Governance of Law on Cliquy-Enterprise
Under the operating pattern of cliquy-enterprise, the assets of a listed company can be transferred to non-listed companies controlled by such a listed company by its controlling shareholder, through equity investment, transfer, and other covert operations in internal capital market, resulting in a downturn in performance of the listed company and a serious infringement to the interests of its medium and small investors and creditors. The paper summaries the general features and operating patterns of cliquey enterprise, points out the gaps in of the current laws, and proposes the regulatory and administrative system to establish and improve investment and financing process, the firewall system in stock market, as well as enhanced obligation system for controlling shareholder in cliquey enterprise, by adopting research approaches such as empirical research and case analysis.
Cliquy-enterprise Enterprise group Financial holding company Affiliated enterprise Listed companies
GAO Qing SHEN Changyue
Department of North China Electric Power University, professional in the company law and securities Department of North China Electric Power University, professional in procedural law
国际会议
石家庄
英文
51-56
2011-10-15（万方平台首次上网日期，不代表论文的发表时间）