Dissertation > Excellent graduate degree dissertation topics show

The Impact of Group Corporate Governance on Internal Capital Market Efficiency

Author: FangXiaoYu
Tutor: HuangPeng
School: Suzhou University
Course: Accounting
Keywords: Group Corporate Governance Principal-agent ICM Efficiency
CLC: F224
Type: Master's thesis
Year: 2011
Downloads: 102
Quote: 1
Read: Download Dissertation

Abstract


The function of resource allocation to internal capital market (ICM) is a effective complement to the imperfect external capital market (ECM), which has a great significance to our economic development. Tracing Origins of the factors which affect and restrict the efficiency of ICM, scholars find many factors are related to corporate governance. Both international and domestic studies show that governance of group company is the latest trend of the development of corporate governance theory. At the same time, with the characteristics of diversification and frequent internal capital operation, cooperate groups are treated as the most appropriate object to research ICM efficiency. As a result, this article means to research the effective factors to ICM efficiency under the visual angle of group company governance.Within Group corporate governance, major shareholders’ behavior and principal-agent problems are most effective aspects to ICM efficiency. Based on this starting point, the paper will make a thorough analysis on the way corporate group governance affecting ICM efficiency, and take Chinese corporate group in 2009 for empirical research. The research result shows: the nature of controlling shareholder affect ICM efficiency, private-owned group’s ICM is lower than State-owned group’s. At the same time, the controlling shareholder’s separation degree is negative to the efficiency of ICM, while controlling shareholder’s Ownership concentration and managerial ownership is positive to the efficiency of ICM.

Related Dissertations

  1. Research on High Efficiency Interior Permanent Magnet Synchronous Motor,TM341
  2. Effect of Nitrogenapplication Patterns on Variation of Soil Nitrate-N and Grain Yield of Wheat and Maize,S512.11
  3. The Comparison and Contrast between the Health Care System in the United Kingdom and That in the United States,R199
  4. The Analysis of the Social Institution of Realization of Individual Value,B038
  5. Study on Enhance Efficiency and Mechanism of BAC Process for Nitrogen Removal by Preoxidation,X703
  6. The Analysis on Technical Efficiency of Chinese Pig Production,F323.3
  7. University teachers to improve resource utilization efficiency is extremely Approaches,G645.1
  8. Sensing Data Flasification Attack Defense for Cooperative Spectrum Sensing Schemes in Cognitive Radio Systems,TN925
  9. The High Voltage Generation System Design in Nano-Crystal Memory,TN47
  10. Study on the Energy Saving Technologies Based on Traffic Prediction in Cellular Net-works,TN929.53
  11. Research in Innovation Efficiency Evaluation and Industrial Correlation of High-technology Industry of Jiangxi Province,F223
  12. Research on Impact of Foreign Strategic Shareholders to Operating Efficiency of Commercial Banks,F832.2
  13. The Analysis of Cost Management in Urban Public Hospitals of Efficient in PursuitMedical Treatment,R197.3
  14. Model Built and Research on Industrial Energy Conservation and Emission Reduction Efficiency Evaluation of Shandong Province,F427;F206
  15. Research on the Efficiency of HIV/AIDS Prevention to Township Hospitals in Henan Province Based on Data Envelopment Analysis,R184
  16. Study and Design of Lighting LED Drive Power,TN86
  17. Development and Biomechanical Analysis of a Novel Extensible Pedicle Fixture,R687.3
  18. The Analysis on the Performance of Public Health Expenditure in China,R197.1
  19. Research on High Level Talents Policy Efficiency of Local Government,C964.2
  20. The Development of Discharge Air Leak Detection System in High Level Biological Safety Laboratory,Q-33
  21. Nitrogen and Phosphorus Purification of Ecological Ditch and Nitrogen Removal Efficiency of Myriophyllum Spicatum L.,X173

CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
© 2012 www.DissertationTopic.Net  Mobile