上市公司股权制衡的混沌模型

The chaos model of the power Equity in Shareholders of the listed companies

上市公司股权结构问题一直是公司治理的焦点,目前的研究都运用线性研究方法,但其得出的结论往往很难解释呈现非线性的经济现象。本文的创新之处在于:运用新经济理论与混沌理论相结合的非线性思维的方法,利用最新的上市公司财务数据分析了大股东的最佳持股比例范围,设计了上市公司大股东持股的混沌模型,从而得出第一大股东持股比例范围在(0,19.21%)为佳,并在此基础上利用Logistic方程,构建了理想的上市公司股权制衡模型。

Corporation governance has focused on the shareholder structure of the listed companies. At present, almost all studies use the way of linear theory. However, the traditional conclusions can not interpret the nonlinear economic phenomenon. The innovation of this paper lies in that by using the method of nonlinear thinking which combined with new economic theory and chaos theory, it devices the chaos model of large shareholder＇ s proportion in the listed companies through analyzing the best proportion scope of large shareholders, according to the update financial data of the list- ed companies, and it goes to the conclusion that the best proportion scope of the largest shareholder is from 0 to 19.21%. Furthermore, it devices the ideal model of power equity in Shareholders in the listed companies on the basis of the Logistic equation.