The Study On The Factors Of Major Shareholder's Non-business Capital Occupying

On the phenomenon of major shareholder's capital occupying is seen everywhere in the world,now in our country's securities market, Major Shareholder's Capital Occupying is more and more serious.About Listed companies in China, the major shareholders of listed companies to use their control of the position occupied by listed company funds,and damage the company, and encroach the interests of minority shareholders or creditors.Major shareholders' capital occupying in listed companies must make a lot of harm .For example,the controlling shareholders use their control status or information superiority to invade and occupy the company, or transfer out the property and profits,dragging down the performance of listed companies, and undermine the basis of development of securities markets, as well as the large shareholder occupy the assets,damaged the normal operations of listed companies severely.Therefore, the study on the large shareholders' Capital Occupying in a timely and effective to curbthe incidence is an urgent need. Based on study of the major shareholders' capital occupying of listed companies in China,this paper analysis the factors of,by positive analysis and the correlation analysis,and get some advices to control major shareholder's non-business capital occupying.The main structure of this paper:in the part of the introduction,it describes the background and significance of the topic,literature summary,research ideas and methods, and the innovation and the shortcomings.The major part introduce the theory about major shareholder's capital occupying, this part discusses situation and influencing factors of the major shareholders of listed companies capital occupying,and do positive analysis to influencing factors,and get the conclusion and give suggestion.In the empirical part of this paper analysis the influence of major shareholding ratio,board size,and operating results of major shareholder,and financing channels,The proportion of independent directors to major shareholders' capital occupying.Through the analysis to the sample data , the proportion of large shareholders, board size, operating results of large shareholders , the company's sources of funding, these factors are to large shareholders to do a non-operating impact of capital account, Operating results, the company's funding sources relatively are more significant.As a major shareholder of these factors account for funding non-operating fuse, but also our largest shareholder of the state-owned non-operating accounts for the focus of the containment work direction. country also must improve the law and policy.The study hope to further curb the behavior of large shareholders occupying, protecting investors and creditors and standardizing China's securities market to provide some theoretical support, and to contribute to conducive to further improve the governance structure of listed companies in China.