技术经济
技術經濟
기술경제
Technical economy
2009年
7期
100-104
,共5页
股权结构%控制权收益%控股股东
股權結構%控製權收益%控股股東
고권결구%공제권수익%공고고동
ownership structure%control benefit%controlling shareholder
关于股权结构与控制权收益实证分析表明,第一大股东持股比例越高,控制权收益越高;第二大股东与第一大股东之间的相互制衡有利于限制控股股东的掠夺行为,减少控制权收益.因此,降低股权集中度、充分发挥大股东之间的相互制衡作用是规范控股股东行为的关键所在.
關于股權結構與控製權收益實證分析錶明,第一大股東持股比例越高,控製權收益越高;第二大股東與第一大股東之間的相互製衡有利于限製控股股東的掠奪行為,減少控製權收益.因此,降低股權集中度、充分髮揮大股東之間的相互製衡作用是規範控股股東行為的關鍵所在.
관우고권결구여공제권수익실증분석표명,제일대고동지고비례월고,공제권수익월고;제이대고동여제일대고동지간적상호제형유리우한제공고고동적략탈행위,감소공제권수익.인차,강저고권집중도、충분발휘대고동지간적상호제형작용시규범공고고동행위적관건소재.
The empirical study finds about ownership structure and control benefits, the higher equity of the first shareholder possess, the higher control benefits is;The check-and-balance of the second shareholder and the first shareholder possessing equity helps to regulate the expropriation behavior of Controlling Shareholder and to reduce Control Benefits;Therefore, lowering the equity concentration degree and im-proving effects of check-and-balance equity is the key of regulation controlling shareholder behavior.
