In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority sha...In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority shareholders＇ rights and interests.In this paper, we studied the relationship between ultimate controlling shareholders and business performance of private enterprises based on the theory of ultimate controlling shareholders and made relevant conclusions and recommendations.展开更多
he private equity （PE） bubble could be about to burst. During the market boom of the past few years, most bonds for funding leveraged buyouts （LBOs） were issued at low interest rates and few covenants. Since the...he private equity （PE） bubble could be about to burst. During the market boom of the past few years, most bonds for funding leveraged buyouts （LBOs） were issued at low interest rates and few covenants. Since the collapse of the US sub-prime mortgage cri- sis, global markets have tightened considerably. I believe that the US io-year treasury bond yield will normalize back to 6% and the risk premi- um on bonds will also normalize. The interest rate on bonds for funding LBOs could increase by 4-5 percentage points from the bottom. Such an increase in funding costs would make most LBOs impossible.展开更多
文摘In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority shareholders＇ rights and interests.In this paper, we studied the relationship between ultimate controlling shareholders and business performance of private enterprises based on the theory of ultimate controlling shareholders and made relevant conclusions and recommendations.
文摘he private equity （PE） bubble could be about to burst. During the market boom of the past few years, most bonds for funding leveraged buyouts （LBOs） were issued at low interest rates and few covenants. Since the collapse of the US sub-prime mortgage cri- sis, global markets have tightened considerably. I believe that the US io-year treasury bond yield will normalize back to 6% and the risk premi- um on bonds will also normalize. The interest rate on bonds for funding LBOs could increase by 4-5 percentage points from the bottom. Such an increase in funding costs would make most LBOs impossible.
