摘要
上市公司最终控制人经常利用所有权与控制权相分离的金字塔控股结构,运用关联交易、盈余管理和股利政策等手段,对中小股东利益进行实质上的侵占。终极控制人的这种行为严重损害了中小投资者的切身利益,削弱了投资者保护力度,应从产权保护——投资者保护角度采取措施加强对投资者的保护。
Standing on the point of property rights protection-investor protection point of view of the ultimate control of listed companies who frequently use the separation of ownership and control of the pyramid holding structure,this article uses the related party transactions,earnings management and divided policy by means of small shareholders for substantially infringement.The occupation,as the ultimate controller of such behavior undermines the vital interests of small investors,weakening investor protection;therefore,this paper has put forward the corresponding number of recommendations to enhance investor protection.
出处
《泰山学院学报》
2010年第5期102-105,共4页
Journal of Taishan University
关键词
终极控制人
两权分离
投资者保护
隧道挖掘
Ultimate control
Separation of ownership
Investor Protection
Tunneling