Dissertation > Excellent graduate degree dissertation topics show

Tunneling of Brother Companies Based on Large Shareholders

Author: HeLiangFan
Tutor: WangBin
School: Beijing Technology and Business University
Course: Business management
Keywords: Net capital occupation rate tunneling brother company
CLC: F276.6
Type: Master's thesis
Year: 2013
Downloads: 5
Quote: 0
Read: Download Dissertation

Abstract


Large shareholder’s expropriation behavior is widespread around the world atpresent. The private benefit of control caused by concentration ownership is theimportant motivation for the tunneling of large shareholder. As you know, the tunnelingbetween large shareholders and listed companies has resulted in huge losses of smallinvestors. The study of tunneling mainly has focused on the tunneling of list companiesby large shareholders in domestic or foreign. They concentrated on the tunneling ofsubsidiary company by parent company, but they left out the tunneling between brothercompanies. Because the SFC published the strict regulation of capital occupying by largeshareholder, it’s necessary to try starting the research on brother companies, particularlyconsidering the special IPO background of China. The article aims to find out theevidence of tunneling of brother companies by comparison of the capital occupation ofparent-subsidiary and brother companies. What’s more, we make a research on thefactors of the tunneling of brother companies.This paper uses the multiple regression analysis method to reveal the existenceof tunneling between brother companies. Then it analyzes the share of largestshareholders in China through the relevant data of A-share listed companies from2007to2011. Finally, on the basis of the above study, we try to test and explain the influencingfactors of tunneling between brother companies. This thesis finds that when the stake oflargest shareholder is higher, tunneling between brother companies is more serious. If alisted company is state-owned enterprises, tunneling between brother companies is moreserious. The larger the number of brother companies, the more serious the tunnelingbetween brother companies. This paper suggests it’s necessary to improve marketsupervision to protect minority shareholders. We should pay seriously attention to thehistory problem of state-owned enterprises for easing their “burden”. The last but not theleast, our government should implement the demand of value-added of state-ownedassets to reduce agency costs between funders and managers.

Related Dissertations

  1. Research on the Theory of the Transmission-line Metamaterials and Their Applications,O441.6
  2. Research on Dust-Isolation Technology with High Pressure Air Curtain for Mechanized Tunneling Face,TD714.4
  3. The Structure Research of Self-motion Assistanced Powered Support Equipment for Tunneling Machine,TD353.9
  4. Research of Thrust Hydraulic System of Earth Pressure Balance Shield Machine,U455.39
  5. Simulation and Analysis of Shield Tunneling Method Construction for Subway,U455.43
  6. Growth Control of C60 Molecules on Si（111）-7×7 Surface and Study of Their Nanotribological Properties,O484.1
  7. Study on Key Issues of Design and Construction of Underground Pedestrian Crossing,TU921
  8. Study on Hawking Radiation and Tunneling Effect,P145.8
  9. Stratum Deformation Discipline Monitoring and Engineering Application Research in Loess Subway Tunnel Construction,U456.3
  10. Research on the Theory of Landau-Zener Problems,O413.1
  11. A Study on Construction Technologies of Shield Tunnel Crossing Complex Buildings,U455.43
  12. Experimental system of shield tunneling machine tool cutting and cutting forces affect the regularity,U455.3
  13. Rearch on Black Hole Quantum Tunneling Radiation,P145.8
  14. Influence of Grain Boundary Modification on Magnetism and Transport of Sr2FeMoO6,O482.54
  15. GaAs surface phase transition to a dynamic process,O611.3
  16. The InGaAs surface topography dynamic process of phase change,O614.37
  17. A Study on Control Technology of Shield Tunneling Traversing a Highway Flyover,U455.43
  18. Research and Implementation of IPv4/IPv6 Tunnel Security Emergency Treatment,TP393.08
  19. Cosmological Hawking Radiation,P145.8
  20. The Study of Equivalent Capacitance of DBRT Structure Affected by Strain,TP212
  21. The Study on the Implementing Effects of Chinese Private Placement from the Perspective of Tunneling and Company Performance,F224

CLC: > Economic > Economic planning and management > Enterprise economy > A variety of enterprise and economic > Company
© 2012 www.DissertationTopic.Net  Mobile