China’s Listed Companies Associated Business And Big Shareholders Occupy Behavior Problems

China’s Card coupons exchange listed company has been through more than20years development course, are gradually mature and specifications. Butin the process of growing up, all with defects and problems. The stock rightstructure common concentration, its corporate governance structure arestill not perfect, and external supervision power weak and therefore makesour country appear on the market the company there are a large amount ofrelated transaction, this can create a big shareholders occupy a lot of theassets of the company may, in recent years also happened many such cases,such as "the Monkey King shares","green cole,""guangdong securities"financial scandal.So does the stock market, so experienced only seven of the spring andautumn period and small and medium plate is more problematic, small andmedium-sized board listed company although have very big development space,his profit ability, independent innovation ability is stronger, but becausejust start, in many aspects of the small and medium plate know not profoundenough, development level also wasn’t mature enough, the medium and smallenterprises in shenzhen plate, by June2011, a total of401enterprise, theenterprise,79.9%of small and medium-sized enterprises have the affiliatedparty transactions, and these are the affiliated party transactions withbig shareholders occupy behavior and small and medium plate’s bigshareholders occupy behavior is how the specific characteristic of thispaper is to research on the problem.This paper will research in shenzhen exchange small and medium platethe listed companies with big shareholders the affiliated party transactionsto encroach on the problem of company assets, first in the full study athome and abroad, based on the theory of literature, this paper analyzes theaffiliated party transactions and shareholder occupy the empiricalrelationship between, and the2008-2010small and medium plate listed company affiliate transaction data inspection. Second set up theeconometrics model, the small and medium-sized board between the listedcompany affiliate transaction value effect and big shareholders devour theinfluence factors of company assets behavior, finally, according to theresults of the empirical analysis, and concludes that the relevant policySuggestions.The conclusion is that small and medium plate between enterprise’s theaffiliated party transactions is also big shareholders occupy the principalmeans of company assets, assets, commodity, capital transactions andmortgage guarantee the affiliated party transactions in several bigshareholder occupy is the main catalyst. In need of development which thesmall and medium enterprise brought harm is great, he will reduce the smalland medium-sized enterprise market value and the stock price, diluted theprofits of the small and medium-sized enterprises. In the influence of thefactors this offence, shareholders have to holding the ratio is more high,its occupy motivation is heavier, explain trenches defense effectsignificantly; Compared with non-state-owned shareholders, bigshareholders of state-owned shares than non-state-owned large shareholdersof the company assets more easily produce expropriation behavior; If theproportion of shares is higher, the occupation behavior will be able to puton the brakes; The independent directors and the board of supervisors insmall and medium-sized board despite the system rules than the motherboardis broad, but still in the maintenance of small investors interest haveplayed more positive effect.