大股东侵占行为动因剖析及其对国有产权改革的借鉴意义

Research on the Motivation of Controlling Shareholder's Misappropriating Behavior and its Effect to the Significance of National Property Right Reform

国有产权改革目前正进入攻坚阶段,各种利用控制权地位侵占国有资产的案例比比皆是。本文通过LLSV模型分析了大股东侵占发生的条件机理和动因,探究了如何防范和减缓侵占行为的均衡条件,提出了在国有产权改革实践中如何对待此种行为的政策建议。

The reform of national property rights has now been coming into the difficult phase and diversified cases of the controlling shareholder＇ s misappropriating behavior can be found everywhere. Firstly, the mechanism and motivation of the controlling shareholder＇ s misappropriating behavior is analyzed by the LLSV model, then the equilibrium conditions are investigated, by the end of this paper, some policy suggestions of national property rights reformation are provided forward.