| 中国上市公司超控制权收益的实证研究 |
| |
| 引用本文： | 游达明,沈屹东.中国上市公司超控制权收益的实证研究[J].科学学与科学技术管理,2008,29(2):133-137. |
| |
| 作者姓名： | 游达明 沈屹东 |
| |
| 作者单位： | 中南大学,商学院,长沙,410083 |
| |
| 摘 要： | 首先,定义超控制权收益.其次,通过分析2002至2006年间沪深两市91项控制性股权转让交易事件样本,发现每股超控制权收益比率为21.66%,超控制权收益比率为6.84%,并且超控制权收益比率与控制权竞争程度和资产负债率呈正相关关系,与独立董事比例和董事会规模呈负相关关系,且在统计上显著.
|
| 关 键 词： | 控股股东侵害 超控制权收益 控制权收益 公司治理 |
| 文章编号： | 1002-0241（2008）02-0133-05 |
| 收稿时间： | 2007-08-09 |
| 修稿时间： | 2007年8月9日 |
An Empirical Research on the Excessive Benefits of Control of China's Listed Companies |
| |
| YOU Daming,SHEN Yidong.An Empirical Research on the Excessive Benefits of Control of China's Listed Companies[J].Science of Science and Management of S.& T.,2008,29(2):133-137. |
| |
| Authors: | YOU Daming SHEN Yidong |
| |
| Abstract: | At first,this article define the concept of the expropriation of controlling shareholder. In the period of 2002-2006,91 cases concerning the transaction of controlling share have occurred in the two stock markets of Shanghai and Shenzhen. The authors take these cases as the research sample and find that the ratio of excessive benefits of control per share are 21.66% and the ratio of excessive benefits of control is 6.84%. The ratio of excessive benefits of control is positively relative with the degree of competition for control and the debt-to-asset ratio and passively relative with the ratio of independent directors and the scale of the board of directors. T he results are statistically significant. |
| |
| Keywords: | controlling shareholder expropriation excessive benefits of control benefits of control corporation governance |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
|
