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Listed Company Internal Governance Of Transactions With Non-fair Association

Posted on:2007-12-12Degree:MasterType:Thesis
Country:ChinaCandidate:J DuFull Text:PDF
GTID:2209360185460271Subject:Accounting
Abstract/Summary:PDF Full Text Request
The stock market in our country was created for solving the national enterprises'problems, and most of the listed companies are derived from the original national enterprises. As China's economy's development, the large shareholder's overwhelming position gives them an opportunity to gain personal benefits. The controlling insider took advantage of the unfair related party transactions, which decreased the listed company's value, to tunnel benefits. Actually, related party transaction is neutral in theory's perspective, and it is inevitable in the process of enterprise's resource relocation. On the other side, the reasonable internal governance is specific, and the enterprise can't imitate others'modes directly. So, whether the unfair related party transactions have something to do with internal governance, how important the ownership structure is, whether the controlling insiders equal to controlling shareholders, what kinds of role the ownership structure plays in the unfair related party transactions, and how to regulate unfair related party transactions are the issues we are studying.There are four parts in my paper.Chapter one: literature review. This part is the foundation of the study, and it summarizes the views of the recent literature. Firstly, it reviews the international study on ownership structure, agency problems and related party transactions. And it points out what the foreign experts focus on and what kinds of objects they are studying. Then, it elaborates domestic study on ownership structure, corporate governance and related party transaction.Chapter two: the present situation of corporate governance and unfair related party transaction in China. This chapter describes the key theory...
Keywords/Search Tags:unfair related party transaction, internal governance, the model of controlling shareholders'flowing benefits
PDF Full Text Request
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