Listed Companies Of Ownership Balances On The Impact Of Protection Of Minority Investors

Ownership structure is a listed company governance structure, as an important part of the reasonable equity structure will effectively promote the perfect of corporate governance, and to protect the interests of small and medium shareholders. In the listed company, small investors for the survival and development of enterprise is very important. However in fact medium and small shareholders’ equity often damage, the impact of the minority investors’ investment enthusiasm and hinder the development of China’s capital market, at the same time also endanger the development of the enterprise. How to solve the company governance in the big shareholders occupy to the interests of the company’s problems, establish and improve the reasonable corporate governance mechanism is the key to improve small investor protection. This article through ownership restriction and small and medium-sized investor protection of the relationship between empirical research, trying to find out the reasonable ownership restriction structure, in order to solve our country securities market in big shareholders enroach on small shareholder interests problem, perfecting governance of listed company provides theory basis.Based on this background, the theoretical analysis and empirical analysis of combining research methods, expounds the ownership restriction and small investors to protect the related theory basis, based on the objective data, listed companies on China’s institutional background is analyzed and described the listed companies in the small investors protection damaged the status, Then from the ownership structure of 2006-2009 data to support, using theoretical analysis and empirical analysis method combining, listed companies on China’s ownership restriction to small and medium-sized investor protection influence empirically. The empirical results found regression of listed company in balanced shareholding structure on the protection of small investors have significant influences. Finally, this paper based on the analysis of the above conclusions, puts forward the improving and perfecting the listed companies in small and medium-sized investor protection policy Suggestions, can promote the listed company to have reasonable corporate governance, form relatively balanced shareholding structure, reduce the controlling shareholders of a listed company violation, the better protecting minority investors interests.