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Private Benefits Of Control In China Analysis From The Legal Aspect

Posted on:2004-11-29Degree:MasterType:Thesis
Country:ChinaCandidate:X M ShouFull Text:PDF
GTID:2156360125955690Subject:Finance
Abstract/Summary:PDF Full Text Request
The paper first introduce the international and domestic empirical research of private benefits of control and the relation between private benefits of control and the laws. Base on above research, the author analyze the premiums of the block trades in 1999 and between 2002 and 2003, the results approve of the existence of private benefits of control in China. The author attempt to interpret the variety of the premium by aspect analysis, the result is not perfect. By contrast the laws which regulate the block market in 1999 and in 2002, the author argue that in China the more powerful the laws protect the investors ,the less of the private benefits of control, just like other countries. In the last part of the paper, the author analyze the shortage of the security law in investor protection and bring forward the advice, and then author appraises the motive of law institution in China.
Keywords/Search Tags:Private benefits from control, Laws, Minor shareholders, Investor protection
PDF Full Text Request
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