Group Finance Company and expropriation of controlling shareholder

被引：0

作者：

Zhou, Lan ^{[1
]}

Chen, Hui ^{[1
]}

机构：

[1] Hunan Univ, Sch Business Adm, Changsha 410082, Hunan, Peoples R China

来源：

INFORMATION SCIENCE AND MANAGEMENT ENGINEERING, VOLS 1-3 | 2014年 / 46卷

关键词：

Group Finance Company; internal loans; transaction cost; invade and occupy; OWNERSHIP;

D O I：

10.2495/ISME20130881

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

摘要：

This paper is based on internal loans of Group Finance Company, analyzing the influence that transaction cost and supervision cost of preventing the controlling shareholders' expropriation by model analysis. The research results show that controlling shareholders will gain private benefit of control power through making use of internal loans of Group Finance Companies. That strengthening legal protection to investors, perfecting the governance structure of Group Finance Company, and listing Group Finance Company can reduce controlling shareholders' expropriation and promote the healthy development of our country's Group Finance Companies.

引用

页码：683 / 689

页数：7

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