The Case Study On The Effect Of Non Controlling Shareholders Governance

The board of directors is an important mechanism of corporate governance,the board of directors members,most scholars research mainly in the areas of independent directors on the efficiency of corporate governance,and the controlling shareholder on corporate governance and other aspects of the company,but the relevant information for the non controlling shareholders board performance is not enough,but also get a certain degree of difficulty,so few studies on the non controlling shareholders of directors.But whether it is from the non controlling shareholders as directors of internal directors can participate in the operation of the identity,or from the small and medium-sized investors on behalf of the non controlling shareholders,the status and role of non controlling shareholders is so important.Therefore,in this context,through the case study,study the effect of non controlling shareholder directors on corporate governance efficiency.Due to the company's earnings management is a serious problem under agency theory,so the main research in the efficiency of corporate governance is the non controlling shareholders board function and the influence of earnings management,as well as the non controlling shareholder directors play a role in governance of market reaction.Firstly,combing and analyzing the related literature at home and abroad,and then influence the principal-agent theory,information asymmetry theory put forward the motivation of earnings management and production and based on the results of further efficiency in theory more than Shanghai Shiying management and corporate governance is closely related to the.In addition,based on the role of efficient market and decision usefulness view,we suggest that when the board of directors information disclosure,it is likely to cause changes in the market.Thus,collected by hand,we found that S has a non controlling shareholder directors play a significant governance effect,by 2010 2015 the horizontal and vertical comparison,reason and mode analysis of the non controlling shareholders directors respectively influence earnings management and real earnings management,as well as the impact of market reaction.It is proposed to change the net profit for the assessment of regulatory measures,diversification and appropriate incentives and other series of measures to help reduce the cost of governance is conducive to long-term good operation of the company.