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公司内部与外部治理效果比较研究

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摘要 该文首先借鉴犯罪经济学的原理进行建模,对防范大股东侵占行为的内部治理机制和外部治理机制进行刻画,并讨论了两种机制的效果差异,然后以我国的上市公司为样本,用Logit模型进行了实证验证。理论分析和实证结果都表明,在防范大股东侵占行为问题上,内部治理机制比外部治理机制更有效。此外,内部治理中大股东持股比例作用显著,但是总经理股权激励则对大股东侵占行为没有防范能力。
出处 《世界经济情况》 2012年第9期35-41,共7页 World Economic Outlook
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