Major Shareholder Control: An Empirical Study of Chinese Listed Companies

Author: Tang Zongming
Publisher:
Publish Date: 2005-12-01
Features: This book focuses on corporate governance under concentrated ownership structures, specifically the principal-agent relationship between major shareholders and minority shareholders. Currently, in most countries worldwide, corporate equity is highly concentrated, and the phenomenon of major shareholder control is extremely prevalent. How to protect investors' rights and prevent major shareholders from exploiting their control to harm the interests of other shareholders has become a key area of corporate governance research and an important topic in capital market studies.
Around the issue of major shareholder control, the book explores the connotation of corporate governance in the new context, the behavioral differences between major and minority shareholders in corporate oversight activities, and the motivations behind major shareholders' of minority shareholders' interests. It reveals the extent to which major shareholders actually minority shareholders' interests and the potential impact of major shareholder-controlled governance models on the healthy development of capital markets. Finally, it discusses ways to improve China's corporate governance structure and prevent the abuse of major shareholders' power by strengthening institutional investor participation, bank supervision, and exploring corporate oversight mechanisms, as well as improving and refining relevant laws, regulations, and institutional frameworks.
The book's model research and empirical studies on major shareholder control are said to have advanced corporate governance research by a step. With rich content, practical relevance, and readability, it serves as a valuable reference for finance students, researchers, and professionals in related fields.