Research On The Predatory Behavior Of Major Shareholders In Listed Companies Control Transferring

The Company control of the market is part of the external mechanisms of corporate governance, which directly affects the company governance structure and the earnings of company, also the interests of small shareholders are protected. The Company control of the market of listed companies in China's securities market institutions and policies specific environment and its changes, which have played a certain role in speed up the reform of property rights, promote industrial restructuring and optimize the allocation of resources. With the corresponding results is that some of the problems are exist in China's Company control of the market in listed companies in the process, particular in the transfer of majority shareholder and minority shareholders against the interests of creditors, which has hampered the function of Company control of the market of China.Due to some historical reasons, the Non-tradable shares in China's stock market affect the price mechanism. As a result of interests of the shareholders and the Non-tradable shares are inconsistent, lead their behavior is distorted, the major shareholder made some acts betray the balance of interests and mergers and acquisitions of listed companies a direct result of acts of the participants in the system with the characteristics of clear, which resulting in the low efficiency of Company control of the market. Therefore, in Company control of the market the act of stakeholders is normative and relations between the interests of balance to achieve effective, not only is the important premise to make the Company control of the market efficient but also the direct power to promote it over. For this reason, the research of our stakeholders behavior, especially the conduct of the majority shareholder including the motives of their conduct, the reasons for conflict of interest, to identify the major shareholder of normative acts and the policy path of the various stakeholders to achieve a balance of interests, which will have important theoretical and practical significance to improve the efficiency Company control of the marketIn this paper, the innovation lies in the specific in-depth study of the characteristics of the Company control of the market the market in China's listed companies, the Company's shareholding structure, governance structure and the ability to develop a profit-depth analysis of the level of control over the proceeds of the influencing factors, at the same time put forward some proposals to regulate the major shareholder behavior and increase control over the transfer of market efficiency in China's listed companies.