Research On The Market For Corporate Control And Influencing Factors Of Its Development

With the rapid development of the global economy, the world commerce and capital flows have experienced a booming process Since the late 1990s, the prosperity activity of the market for corporate control has greatly contributed to optimum allocations resources and industry restructuring .Meanwhile, China economy has been becoming the focus in Asian-Pacific region, even in the whole world, and the environment of macro-economy, law, political has improved favorably with the reform of stockholding segmentation,, which strengthen the healthy development of the market for corporate control in china .Previous research has studied the factors from different perspective but hasn't come to consensus, meanwhile in practice the formation and development of the market for corporate control has strong"path dependence"characteristic, the transaction timing and frequency as well as type are subjected to different economy system and institution and other related factors in different countries. The dissertation is attempted to construct an integrated frame model to explain the influence factors of it and bring implications to the development of the market for corporate control in china.The paper first reviews the history and compares the transitions characteristics quite comprehensively and systematically between 1991and2005 of the market for corporate control in different countries, basing on it, in chapter 3 and 4, the paper respectively probes into the specific factors from two dimensions, namely external and internal angle adopting comparative study and document study. As to the former, the thesis compares the different countries from macro-economy, law and legislation, industry shocks and cross-border factors, and the latter, mainly from the angle of ownership structure and corporate culture, through the above comprehensively compare analysis, in chapter 5, the article deducts the dynamics and integrated model of influencing factors and explore its implication to the market for corporate control in china, in chapter 6, the paper draws the conclusion: the development of the market for corporate control is affected factors from outside and inside ,in addition to the active role of micro-party,only through which ,the function will take into effect. Reviewing the development of it in developed countries, to provide the environment such as free Assets and Equity Exchange, comparatively dispersion ownership structure, regular securities market and the limit to finance agency of its holding stock is necessary .As far...