| At present,the good and bad are intermingled of listed companies in our country,the internal governance is most easy to neglect,the more obvious is the largest shareholder and other associated party used its control status,and take up the phenomenon of funds of listed companies is more huge,a serious threat to the survival and growth ability of listed companies in our country.Affected by factors such as capital system in China is not perfect,some of the major shareholders of listed companies means of misappropriate company funds also various ingenious methods,through direct loan default payment for goods,transfer payments,a variety of ways,such as emerge in endlessly,for the purpose of long-term hollowed funds of listed companies has even take up the funds of listed company for a long time.The generation of large shareholders’ funds of listed companies are taken up with defects is closely related to the emerging capital market system in China,it mainly refers to the major shareholders of listed companies use a variety of means to rely on its own holding occupy listed company resources.Our country securities market development is not yet mature,big shareholders capital takes up phenomenon emerge in endlessly,seriously affected the enterprise’s own development need the money,and restricting our country securities market has become the stable operation and standardize the development of a major obstacle.According to incomplete statistics,as of 2015,the shenzhen stock exchange and stock exchange listed companies in our country,the major shareholder capital takes up the quota of one hundred billion yuan.Across the two cities margin in nearly a decade,the listed company through the financing is also listed for only one trillion yuan,which means that the listed company is close to 10% of the funds has not been found in the hands of large shareholders.In the listed company that has been delisted survey found that a large shareholder capital takes up is one of their common characteristics.Resources transfer behavior of large shareholders can cause a lot of bad results,in addition to causing the legitimate rights and interests of minority shareholders is a serious violation,also for the comprehensive quality assessment of listed companies and adverse impact on the accuracy of the information disclosure,more to the healthy development of the financial and economic system in our country brought a great disturbance.The current research about big shareholders occupy and corporate performance,an index was mostly aimed at companies at home and abroad,and withoutconsidering the objectives of company and the domestic scholars specializing in manufacturing listed companies in our country related research is less.The innovation of this paper is on the theory of the financial management of Shanghai new huangpu real estate co.,LTD.,effective and rational analysis and exploration,at the same time,sum up experience for big shareholder capital takes up the problem put forward the corresponding ideas and countermeasures,to summarize the above analysis and three conclusions,respectively is: the motivation of diversification is the largest shareholder capital takes up,the imperfect governance structure is the largest shareholder capital takes up an important factor as well as the related party transactions is big shareholder capital takes up the idiomatic way,at the same time learn Shanghai new huangpu real estate capital takes up the lesson of big shareholders,for our country other standard big shareholders’ funds of listed companies are taken up concrete Suggestions are put forward,mainly including: mobilize external supervisors to participate in corporate governance,improve the system of listed company internal control construction,and pay attention to the listed company equity incentive plan,etc.Descriptive research,this article USES the methods of case study and experience summary method,by using the method of descriptive research introduces the definition of large shareholder capital takes up,motive,means,and related theory,through the case study method,the Shanghai new huangpu real estate capital takes up the case of large shareholders is introduced and the system analysis,the research of Shanghai new huangpu real estate big shareholder capital takes up the motive,method and process,and the Shanghai new huangpu real estate big shareholder capital takes up the financial consequences of analysis,by using the experience summary method,from Shanghai new huangpu real estate capital takes up the lesson of big shareholders,for other listed companies in our country big shareholder capital takes up some Suggestions are put forward.Focused research of this paper is not able to obtain very complete data on the current situation of large shareholder capital takes up and analysis,further research will be dedicated to the study of large shareholder capital takes up the existing situation,in order to more comprehensive explore capital takes up the problems of large shareholders. |
