| 第二大股东持股的治理效应——基于上市公司的实证分析 |
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| 引用本文： | 林勇,曾晓涛.第二大股东持股的治理效应——基于上市公司的实证分析[J].财经论丛,2007(5):84-89. |
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| 作者姓名： | 林勇 曾晓涛 |
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| 作者单位： | 华南师范大学经济与管理学院,广东,广州,510006;广州民航职业技术学院,广东,广州,510405 |
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| 基金项目： | 广东省社科基金资助项目(03104C2004) |
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| 摘 要： | 本文以763家上市公司2003年的横截面数据为样本,通过考察公司绩效与第二大股东持股之间的经验关系,考察了第二大股东持股的治理功能。通过结合上市公司数据建立一个多元模型来说明第二大股东是如何监督第一大股东、影响公司价值的。研究发现,第二大股东的存在没有显示出积极的治理激励功能及对第一大股东的监督激励作用;在我国目前的制度背景下,相对控股是一种最佳的平衡状态。
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| 关 键 词： | 第一大股东 第二大股东 相对控股 股权制衡 公司绩效 |
| 文章编号： | 1004-4892（2007）05-0084-06 |
| 修稿时间： | 2007-04-17 |
The Effect of Second Largest Shareholder in Corporate Governance: Evidence From the Listed Company in China |
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| LIN Yong,ZENG Xiao-tao.The Effect of Second Largest Shareholder in Corporate Governance: Evidence From the Listed Company in China[J].Collected Essays On Finance and Economics,2007(5):84-89. |
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| Authors: | LIN Yong ZENG Xiao-tao |
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| Institution: | 1. School of Economics and Business, South China Normal University, Guangzhou 510006, China; 2. Guangzhou Civil Aviation College, Guangzhou 510405, China |
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| Abstract: | The paper investigates 763 public corporates listing in SHSE,checks the empirical relationships between firm value and the second largest shareholding.It is found out that there is not a linear relationship between firm performance and shareholding of the second largest shareholder,and the monitoring power is very weak.The paper discusses that under the systematic condition in China the relative control of the largest shareholding is in the best balance. |
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| Keywords: | the largest shareholder the second largest shareholder relative control balance of power among block shareholders firm value |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
