中国上市公司的股权结构：成因与影响

股权结构对公司绩效、治理模式具有重要的影响。影响一国公司股权结构的因素是多方面的,但证券市场监管水平的差异和对中小投资者的法律保护程度差异是主要的因素。当前中国上市公司股权结构、证券监管及法律环境造成了公司治理及绩效中的诸多问题,特别是控股股东对外部投资者利益的侵害。本文对这些问题进行了研究和探讨,并提出了相应的改善措施。

The structure of China's listed company ownership: Causes and consequences

The structure of company ownership plays an important role for its performance and governance model. The factors that impact the structure of company ownership are various, the major factors are the securities regulation level and legal environment for the protection of outside investors. At present, there exists many problems in corporate governance and performance due to the ownership of China' s listed company, securities regulation level and legal environment, especially the the controlling shareholders expropriate outside investors. This paper discusses and analyzes these problems, Putting forward several methods the solve them.