我國上市公司控制權私人收益的理論與實證研究.pdf

1、廈門大學碩士學位論文我國上市公司控制權私人收益的理論與實證研究姓名：馬碧薇申請學位級別：碩士專業(yè)：金融學指導教師：許文彬20080301AbstractAbstractThetraditionaltheoryofthemarketforcorporatecontrollaysparticularemphasisoneffectonthecorporateperformancecausedbythecontroltransferRecen

2、tlytheresearchprovesthatmostcountriespossessalotofcorporateofconcentratedownershipstructure。PrivatebenefitsofcontrolhavealreadybeenthecoreandstressofthestudyliteraturesofcorporatefinanceandcorporategovernanceHowtocurbthe

3、expropriatingbehaviorofcontrollingshareholdersisaworldwideproblemnowFirsttheoreticalanalysisframeworkofPrivatebenefitsofcontrolwasdesignedandthemain1iteraturesabouttheestimationandinfluentialfactorsofPrivatebenefitsofcon

4、trolwerereviewedandcommented；Second，thecontractualtheoryofthefirm，theagencytheoryandthecorporatecontrollingtheorywerefirstintroducedandremarked，onthebasisofthetheoreticalanalysis，fromtheangleofcost—benefit，thelastpartoft

5、hispapertakemodelandempiricalstudyontheprivatebenefitsofcontrolandputupmultielementlinearregressionanalysisonitsinfluentialelementsThethesisestimatedthePrivatebenefitsofcontrollevel，analyzedthePrivatebenefitsofcontrolsiz

6、eanditsmajorcharacteristicsandthereforeprimarilydiscussedtheeffectmechanismanddegreeofthemajorinfluentialfactorsconsideringcorporatecharacteristicsandintemalgovemancemechanismTheresultwillprovidetheoreticalsupportandpoli

7、cyadvicetofurtherstandardizeandperfectthecorporategovernanceofChineselistedcompaniesTworesultswerefoundoutthat：(1)onaverage，thevalueofPrivatebenefitsofcontrolamongChineselistedcompaniesisabout2666％，arelativelyhighlevelaf