期刊文献+
任意字段
题名或关键词
题名
关键词
文摘
作者
第一作者
机构
刊名
分类号
参考文献
作者简介
基金资助
栏目信息

上市公司小股东权益保障改善的实证分析

The Empirical Analysis of The Improvement of Minority Shareholders'Protection
下载PDF
导出
摘要 本文运用1999年至2002年我国上市公司四年的样本数据,以控制权转让中每股转让价格对每股净资产的溢价率作为对小股东权益保障水平的量度,采用异方差t检验,得出的结论是近年来我国小股东权益的保障水平是逐年得到提高。 Using the data from 1999 to 2002, the emprirical analysis of improvement of minority shareholders＇ protection based on t - test is described. The result shows that the protection of minority shareholders＇ rights and interests in China is improved.
作者 郭鹰
机构地区 浙江省社会科学院经济研究所
出处 《辽东学院学报（社会科学版）》 2005年第5期69-74,共6页 Journal of Liaodong University：Social Science Edition
关键词 小股东 保障水平 溢价 minority shareholders protection overflow
分类号 C93 [经济管理—管理学]
  • 相关文献

参考文献12

  • 1[1]Bradley,M. Interfirm Tender Offers and the Market for Corporate Control[J].Journal of Business,1980,(53),N0.4.
  • 2[2]Barclay,M., C.G.Holdemess.Private Benefits from Control of Public Corporations[J].Journal of Financial Economics,1989,(25).
  • 3[3]Claessens,S.,Djankov,S.,Fan,J.and Lang,L.Exploriation of Minority Shareholders in East Asia[Z],(Unpublished Working Paper).The World Bank
  • 4[4]Demin Luo,Legal Protection,Ownership and CapitaI Market[Z],Working Paper,2001.
  • 5[5]European Corporate Governance Network(ECGN).The Separation of Ownership and Control:A Survey of 7 European Countries Preliminary Report to the European Commission[Z].Brussels:European Corporate Governance Network.1997,1-4;also:Claessens,S.,Djankov S.and L.Lang.The Separation of Ownership and Control in East Asian Corporations[J] ,Jounal of Financial Economics 2000.
  • 6[6]Kumar,K.,Rajan,R.,Zingales,L.What Determines Firm Size?[Z]NBER Working Paper7208.Cambridge, MA.National Bureau of Economic Research:1999.
  • 7[7]La Porta,Rafael,etc.Legal Determinants of External Finance[J],Jounal of Finance 52,1997,1131-1150.
  • 8[8]La Porta, Lopez-de-Silanes and Andrei Shleifer.Corporate Ownership around the World[J],The Joumal of Finance.1992,2:471-517.
  • 9[9]La Porta, Lopez-de-Silaries, Andrei Shleifer and Robort Vishny.Invest Protection and Coporate Governance[J],Jounal of Financial Economics 2000,(58):3-27.
  • 10[10]Wurgler,J.Financial Markets and the Allocation of Capital[J],Journal of Financial Economics 2000,(58):187-214.

二级参考文献11

  • 1Barclay, M. and C. G. Holderness, 1989, "Private Benefits from Control of Public Corporations," Journal of Financial Economics, 25.
  • 2Bradley, M., 1980, "Interfirm Tender Offers and the Market for Corporate Control," Journal of Business, 53, No.4.
  • 3De Angelo, Harry and Linda De Angelo, 1985, "Managerial Owership of Voting Rights: a Study of Public Corporation with Dual Classes of Common Stock," Journal of Financial Economics, 14.
  • 4Demsets, H. and K. Lehn, 1985, "The Structure of Corporate Owenership: Causes and Consequence," Journal of Political Economy 93.
  • 5Dyck, A. and Zingales, Luigi, 2001, "Private Benefits of Control: An International Comparison," Working paper.
  • 6Fams, E. and M. Jensen, 1983, "Agency Problems and Residual Clairns," Journal of Law and Economics, 26.
  • 7Jarrell, Gregg A., and Anette Poulsen, 1998, "Dual-class Recapitalizations as Antitakeover Mechanisms: The Recent Evidence," Journal of Financial Economics, 20.
  • 8Lease, R., J. McConnell, and W. Mikkelson, 1984, "The Market Value of Differential Voting Rights in Closely Held Corporation," Journal of Business, LVH.
  • 9Levy, Harrn, 1982, "Economic Valuation of Voting Power of Common Stock," Journal of Finance, 38.
  • 10Zingales, Luigi, 1994, "The Value of Voting Right: A Study of the Milan Stock Exchange Experience," The Review of Financial Studies, 7.

共引文献598

辽东学院学报（社会科学版）
2005年 第5期

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部