Title: Legal Protection,Controlling Shareholders and Corporate Performance
Abstract: Since China's listed companies are of typical features of ownership concentration,the research on behavior of controlling shareholders is important to improve corporate governance in China.Controlling benefits is the carrier for controlling shareholders to maximize their own interests.In fact,controlling shareholders often need to compare controlling public benefits and private benefits which are more conducive to maximize their own interests.Beginning with legal protection of investors and controlling benefits,this paper builds an analytical framework to study shareholders' behavior.In view of the situation that controlling shareholders in our country are of different attributes,the framework should be specialized before analyzing the performance between state-owned holding companies and private holding companies.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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