Research Of The Controlling Shareholders Expropriation Behavior Based On The View Of The Internal Control Information Disclosure

A lot of evidence shows that the relative concentration of the equity or highconcentration has become the world shares a common characteristic. In this feature,most of the state large company internal basic agency problem is no longer Jensen(1976) by the proof of the shareholders and managers of between agency issues, butthe controlling shareholder and the problem of agency between small and mediumshareholders. How to curb the controlling shareholders the benefit expropriationbehavior, safeguard the legal rights of small and medium shareholders all companyhas become the focus. Through the related literature at home and abroad of combfound that the controlling shareholders expropriation behavior management to theanalysis of the factors mainly around the internal governance mechanism and legalAngle, This paper from the perspective of the internal control disclosure research ofcontrolling shareholders expropriation behavior. To Contract Theory, thePrincipal-agent Theory, Corporate Governance Theory, Asymmetry InformationTheory and Signalling Theory as a foundation analyzed the role of internal controlinformation disclosure. Under the new agency accounting information is still thefocus of concern, but because of its disclosure limitations, the urgent need to adisclosure mechanism complement it, internal control information disclosure can haveadded role, the controlling shareholders of expropriation behavior have the function ofmanagement. design, from three points index measure internal control the quality ofthe information disclosure.Design internal control information disclosure index. Slectthe Shanghai a-share listed companies2010related data as research object, by usingdescriptive statistics analysis and correlation analysis and multivariate linearregression analysis method demonstrates the internal control information disclosureand controlling shareholder of the relationship between the benefit expropriationbehavior. Research found that the internal control information disclosure andcontrolling shareholders the benefit expropriation behavior exist between the negativecorrelation. Through further empirical analysis proves the internal control informationdisclosure of the two points index:truthfulness and completeness and controllingshareholders the benefit expropriation behavior have a significant negative correlation. Finally, the full text summarized, puts forward relevant policy Suggestions, and pointsout the limitation of the existence and the future direction of research..