湖南大学学报(社会科学版)Issue(3):46-52,7.
政府干预、政治关联与控制权转移研究
The Government Intervention,Political Connection and Control Right Transfer:Evidence from Listed Companies in China
摘要
Abstract
This paper makes an analysis on the control right transfer cases of Chinese Listed Companies of the non-tradable shares reform completed period in 2006~2011,study the impact of the government in-tervention,political connections on the control right transfer.The study found:the local government con-trolled enterprise and the enterprise which is in low marketization area,more inclined to implement the lo-cal transfer of control right,which support the existing market regionalism in China.We also find that the political connection enterprises,more inclined to implement the local transfer of control right,suggesting that the political connection to protect the enterprise from government"grabbing hand"violations at the same time,also increased the company's political and social burden,political connection enterprises will be more affected by the government intervention to realize the goals such as expand employment,promote lo-cal economic development and maintain social stability and so on,so the political connection enterprises are more inclined to implement the local transfer of control right.关键词
政府干预/市场化进程/政治关联/控制权转移Key words
government intervention/the marketization process/political connection/control right transfer分类
管理科学引用本文复制引用
李善民,杨娟..政府干预、政治关联与控制权转移研究[J].湖南大学学报(社会科学版),2014,(3):46-52,7.基金项目
国家自然科学基金(71372149,71203242) (71372149,71203242)