Dissertation > Excellent graduate degree dissertation topics show

Independent directors to protect the interests of minority shareholders in the role of

Author: LongHongZhen
Tutor: LiuXing
School: Chongqing University
Course: Accounting
Keywords: Independent Directors Minority shareholders Emptied Supervise
CLC: F276.6
Type: Master's thesis
Year: 2011
Downloads: 241
Quote: 0
Read: Download Dissertation

Abstract


With the development of the practice of modern enterprise system, the core problem of corporate governance gradually from the shareholders and managers of the agency conflict between large shareholders and minority shareholders into a conflict of interest between. In large companies, the largest shareholder in the control of the dominant position of minority shareholders in a relatively weak position, large shareholders tend to seek personal gains, transfer listed company property. In China, as the majority of listed companies are state-owned enterprise restructuring, \phenomena occur frequently. Yinguangxia scandal Monkey shares, Erie storm, Wuliangye events are typical examples of these events caused the community to protect the interests of minority shareholders concerns. In this regard, China Securities Regulatory Commission in 2001 introduced the independent director system, hoping to strengthen the independence of the board of directors of listed companies, major shareholders tunneling behavior constraints, thereby protecting the interests of minority shareholders. In this paper, the relevant literature and research results on the basis of comprehensive and absorption, combined with the actual situation of China's listed companies, the independent directors to protect the interests of minority shareholders in the role are discussed. First, the domestic and foreign independent directors to protect the interests of minority shareholders, the theory and literature were reviewed and commented. Secondly, the major shareholders of listed companies tunneling behavior institutional background and current situation were analyzed. Again, the combination of special governance of listed companies background characteristics from different independent directors, the study of the independent directors on the major shareholders emptied behavior. Finally, our 2005-2009 Shanghai A-share listed companies as samples for independent directors to protect the interests of minority shareholders in the role of an empirical test. The results show that the largest shareholder tunneling behavior reduces the value of listed companies, harm the interests of minority shareholders. Independent directors in the inhibition of major shareholders of listed companies emptied and protect the interests of minority shareholders play a weak role. Specifically, from the independent directors of scale, both in terms of the level of remuneration of independent directors on the major shareholders of listed companies occupied capital and guarantees associated with the use of behavior listed companies did not play good inhibition; degree of diligence from the independent directors, the operating mechanism of two perspective, the higher the degree independent directors diligence, operational mechanism better, for large funds of the Company and the shareholders of listed companies associated with the use of behavioral inhibition stronger guarantees. Papers for the above empirical results, combined with the current actual situation of China's listed companies, listed companies from adjusting structure, improve the independent director system, to strengthen the supervision of listed companies in three areas, proposed to strengthen protection of the interests of minority shareholders policy recommendations.

Related Dissertations

  1. Research on Chinese Communist Party Scout System,D262.6
  2. The Effectiveness of Fiscl Transparency in Supervising Government in China,F812.2
  3. On the National People’s Congress to the Court’s Supervision,D926.2
  4. Research on Civil Service Examination System of Anshan City,D630.3
  5. The Discussion of the Legal Status of Minority Shareholders in the Articles of Incorporation,D922.291.91
  6. The Research on the Tecahing Quality Management of Shanghai Huawen Colleges by Non-governmental Sectors,G729.2
  7. On the board of supervisors system perfect,D922.291.91
  8. Study on the Development of Labor Security Supervision System of China,D922.5
  9. Empirical Research on the Influence of the Independent Director’s Supervision to Accounting Information Disclosured Illegally,F275;F224
  10. Independent Directors and the Supervisory Board of compatibility studies,D922.291.91
  11. Supervision of criminal prosecution Withdrawn,D926.34
  12. Discussion about Cumulative Voting System,D922.291.91
  13. On the Legal Protection of Small Loan Companies in China,F832.4
  14. On the M \u0026 protection of interests of minority shareholders,D922.291.91
  15. The Korea Inspect to Audit to Unite as One a System and Our Country Inspect Audit System Reform,D931.26
  16. Research on Deng Xiaoping’s Thinking of the Ruling Party Supervision,A849.1
  17. Research and Realization of Network Test System Based on PC Monitoring Function,TP311.52
  18. QoS Implementation and Supervision of Carrier-Class NGN Bearing Network,TN915.02
  19. Research on Enterprise Franchising Contract Arrangement and Monitoring,F721.7
  20. An Empirical Research on the Relationship between Independent Directors and Debt Maturity Structure,F276.6;F224

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