重庆理工大学学报2025，Vol.39Issue(16)：98-114,17.DOI:10.3969/j.issn.1674-8425(s).2025.08.010
基于非控股大股东退出威胁的管理层机会主义行为研究
Research on management opportunism behavior based on the withdrawal menace of non-controlling major shareholders
周娜 1李稷1
作者信息
- 1. 重庆理工大学 管理学院,重庆 400054
- 折叠
摘要
Abstract
Taking Shanghai-Shenzhen A-share listed companies from 2011 to 2021 as the research objects,this paper analyzes the impact of the withdrawal menace of non-controlling major shareholders on the opportunistic behavior of the management,and explores whether the degree of closeness between management and corporate interests can affect the effect of the withdrawal menace of non-controlling major shareholders.The empirical results show that the withdrawal menace of non-controlling major shareholders can inhibit the opportunistic behavior of the management,leading to a significant decrease in the first type of agency cost and the on-the-job consumption of the management.The degree of closeness between management and corporate interests can positively regulate the impact of the withdrawal menace of non-controlling major shareholders on the opportunistic behavior of the management.Because of the heterogeneity of corporate property rights,the impact of the withdrawal menace of non-controlling major shareholders on the opportunistic behavior of the management is more significant in non-state-owned enterprises,but not so significant in state-owned enterprises.关键词
非控股大股东/退出威胁/管理层/机会主义Key words
non-controlling major shareholder/withdrawal menace/management/opportunism分类
管理科学引用本文复制引用
周娜,李稷..基于非控股大股东退出威胁的管理层机会主义行为研究[J].重庆理工大学学报,2025,39(16):98-114,17.
