摘要
从股东的监督成本和控制权私人收益出发,分析了股权结构的稳定性和有效性问题。研究认为,股权结构具有一定的流转性,在长期中多个大股东存在的股权结构是最稳定的;基于企业控制权和控制权私人收益的视角,认为多个大股东存在的股权结构是有效的。
From the view of shareholders＇ supervisory cost and private benefits of control, stability and validity of ownership structure is analyzed in the paper. The paper argues that, ownership structure is changeable; ownership structure that consists of more large shareholders is very stable in the long term. Based on private benefits of control, the paper puts forward that ownership structure that consists of more large shareholders is very valid.
出处
《软科学》
CSSCI
北大核心
2009年第1期25-29,38,共6页
Soft Science
基金
国家自然科学基金项目(70672053)
教育部人文社会科学项目(06JA630055)
陕西省软科学计划项目(2008KR17)
关键词
股权结构
监督成本
代理成本
控制权私人收益
ownership structure
supervisory cost
agency cost
private benefits of control
