不同改制模式下控股股東掏空行為的實證研究.pdf

1、湖南大學(xué)碩士學(xué)位論文不同改制模式下控股股東掏空行為的實證研究姓名：李慶玲申請學(xué)位級別：碩士專業(yè)：會計學(xué)指導(dǎo)教師：肖美英20081013碩士學(xué)位論文AbstractThephenomenonofcontrollingshareholder’Sfundembezzlementoflistedcompanyisveryseriousandwidespread，whichhasbecomeamajorproblemofthedevelopmen

2、tofstockmarketUsingasampleof19982001China’S227stateownedenterprisesaftertheinitialpublicofferingthreeyearsofdata，empiricalstudiesfoundthatthehigherthedegreeofcontrollingshareholder’Sfundembezzlementanditscapital，thelower

3、themarketvalue，SOitprovesthatcontrollingshareholders’fundembezzlementisawayoftunnelingItshowsthatsmallandmedium—sizedshareholderswilltakethestockthatthedegreeofcontrollingshareholders’fundembezzlementoflistedcompanyisser

4、iousatadiscountinordertoprotectitsowninterestsSecond，theintroductionofreformmodelvariablesaffectthepositivetestoccurredinthecontrollingshareholderfundsoffundstocarryouttheiractsofoccupationofthedegreeofoccupiersofthemain

5、factorsEmpiricalstudiesthemainfactorsthateffectthecontrollingshareholders’fundembezzlementandinwhichthedegreeonoccupythroughreorganizationmodelRelatedresearchfromthepointofviewonthecorporategovernancemechanisms，suchasown

6、ershipstructure，thispaperanalyzeitfrompointofviewonthejointstocksystemreformmodelwhichusedbeforestateownedenterpriseslistedon，inordertoidentifythedeepseatedreasonsforthesystemofthecontrollingshareholders’embezzlementofli

7、stedcompanyWhileinspectingtheimpactofthecontrollingshareholders’fundembezzlementoflistedcompanies，wefoundthatincompletereorganizationhaveahigherprobabilityanddegreeofcontrollingshareholders’fundembezzlementproblemthantho

8、seSOEsthatwentthroughmorecompletereorganizationsWhileinspectingthefactorswhichownershipstructureandreorganizationmodemakeonthefundembezzlement，wefoundthatreorganizationmodeisthemainfactor，therelationshipbetweenownerships

9、tructureandembezzlementisnolongersignificantItshowsthattheproblemofcontrollingshareholder’SfundembezzlementoflistedcompanyisthatSOEsreorganizationmodeisnotcompletetoalargeextentInstudythefactorwhichcontrolgroupreorganiza

10、tionmodemakesonfundembezzlement，wefoundcompanybothinincompletereorganizationorcompletereorganization，thelistedcompanieswhichcontrolledbythegrouphaveembezzlementandthedegreeofoccupiersaresignificantlyhigherthanthenoncontr