摘要
我国股市结构是典型的二元股份结构,按照传统的平均分配理论,会出现大股东需要参与公司管理与监督而小股东只需搭便车就可以和大股东一样享受剩余分配的不公平现象。该文通过建立的二元所有权结构分配模型,很好地解决了这个问题,为合理分配公司剩余索取权、优化公司治理结构提供了公平有效的思路。
The structure of Chinese stock market is typically dualistic. In this situation, big shareholders must participate in the management and supervision of the company while small shareholders can hitchhike： taking the same residual assignment according to the traditional Average Assignment Theory, which is unfair. In this paper, an assignment model based on dualistic ownership structure is proposed to solve this problem. It is an effective way to assign the residual claim rationally and optimize the corporate governance,
基金
国家自然科学基金资助:公理分配决策理论研究(7997004)
关键词
二元股份结构
平均分配理论
剩余分配
dualistic ownership structure
Average Assignment Theory
residual assignment
