石家庄经济学院学报Issue(4)：60-65,6.
大股东风格、股权集中度、股权制衡与公司价值--中国上市公司2003年-2011年度非平衡面板数据的实证
Major Shareholder Style, Ownership Concentration, Shareholder Balance and Corporate Value-Evidence from Chinese Listed Companies of 2003-2011 Unbalanced Panel Data
摘要
Abstract
On based of stable institution , this study uses the unbalanced panel data of capital market from China 's listed companies in 2003-2011 to test the impact of major shareholders style ( the major shareholders identity and the degree of control ) , ownership concentration and shareholders balance on companies value .The research de-signs appropriate financial and other control variables to control the heterogeneous factor , and uses different values proxy variables to enhance the study robustness .The results show that major shareholder style directly influences the company value , but its influence is complex .High ownership concentration is not conducive to corporate value , shareholder balance is benefit to corporate value .关键词
大股东风格/股权集中度/股权制衡度/公司价值Key words
major shareholder style/ownership concentration/shareholder balance/corporate value分类
管理科学引用本文复制引用
周瑜胜..大股东风格、股权集中度、股权制衡与公司价值--中国上市公司2003年-2011年度非平衡面板数据的实证[J].石家庄经济学院学报,2013,(4):60-65,6.基金项目
教育部人文社科基金规划项目（10YJA630131）；广州市哲学社科规划项目“公司控制权与现代经济”（10Y13）。 （）
