上海管理科学2012，Vol.34Issue(4)：82-86,5.
控制权与现金流权分离对控制权转移收益的影响研究——来自我国上市公司的经验证据
Study on the Influence of the Ownership Structure Characteristics to Private Benefits of Control in Listed Companies
摘要
Abstract
On the basis of controlling ownership concentration, ownership competition as well as state ownership ratio and enterprise ownership ratio, this paper investigates the effects of ownership structure especially the separation of control right and cash flow right to the private benefits of control , and the regression result indicates that the separation of control right and cash flow right has dramatic negative effect to the private benefits of control, which is the key conclusion of this paper, inflecting that controlling shareholders prefer cash flow right to control right. Additionally, measurement of private benefits of control which considers compensation to capital cost of the corporate is superior theoretically and empirically.关键词
控制权转让收益/股权结构/两权分离程度Key words
Benefit of controlling right tronsfering/ Ownership structure/ Seperation of ownership right from controlling right分类
管理科学引用本文复制引用
肖迪..控制权与现金流权分离对控制权转移收益的影响研究——来自我国上市公司的经验证据[J].上海管理科学,2012,34(4):82-86,5.基金项目
教育部人文社会科学研究项目,批准文号:05JA790017 （）
