Listed Companies Ownership Structure

The study, concerning the stockholder equity structure of the Iisted company on the immature market, is of great significance.First, the thesis analyses the reasons for non-standard problems in the listed company, based on listing the various non-standard behaviors and their shocks on the control and management of securities, and thinks that the mat positioned aims of various participators in the securities market, the imperfect mechanism of allowance and withdrawal and the irregular legal mechanism of protecting the right of medium-and-sma11 stockholders are its external reasons, and that the structure of the capital and the stockholder equity of the listed company is unreasoning is its internal or basic reason .Secondly, it analyses the influences of the unreasoning stockholder equity structure on the financial management, including on raising funds and investment, re-constitution, distribution and policies of encouragement.Thirdly, it, implying the knowledge of system-economics, makes a thorough analysis and finds that adding public stocks and retrieving state-owned stocks and increasing the rate of the negotiable, stocks and so on are the reasons for the new changes of stockholder equity structure.Final Iy, it puts forwards some suggestion on the new changes, holding that, above all, the standardization of the stockholder equity structure needs making innovations of the system, supporting the pot icy of reducing the holding of the state-owned stocks, making free room for the program, besides, the reform of the existing quantity and the added quantity can be carried out at the same time etc, it also thinks that control I ing the whitewash of the financial reports and perfecting the managing structure of the company and smoothing the financial relations and so forth are the tasks of the accompl ishment of the program of reducing the holding of the state-owned stocks .