股权文化缺失下上市公司大股东自利行为及治理初探-MPAcc专业论文.docxVIP

PAGE PAGE 1 PAGE PAGE 2 ABSTRACT The research background and objectives Comparing with the western market more than two hundreds years developing history, what our capital market has developed during the past ten years is wonderful. With the supervision regulation and market system established, especially recently split share structure reform of listed companies, clearing the debts and solving the assurances for the listed companies, comprehensive treatment of the security company and so on, our market infrastructure and functions have basically completed. While our capital market is still immature, the controlling shareholders of listed companies play a very important role to lead to many illegal actions. So lack of Shareholder’s Equity Cultures is the cultural sources for the controlling shareholders to make the self-interest behavior of listed companies. The market construction has developed so well while cultural construction doesn’t match with it. The non-self-motion and processing temporarily of market development makes us lack of the basis of cultivating Shareholder’s Equity Culture. In addition, the traditional thoughts of Chinese imperial power are another factor restricting the development of Shareholder’s Equity Culture. Lacking of the background of Shareholder’s Equity Culture makes the controlling shareholders unclear for their responsibilities, rights and interests. Additionally, the distempered laws and regulations in the market and the interest motivation, the controlling shareholders will make use of their dominated advantages to carry out many self-interest actions. Through discussing all kinds of self-interest behaviors made by the controlling shareholders without Shareholder’s Equity Culture, the author wants to disclose the significant role that the shareholder equity cultural construction playing on the health development of our capital market, and propose the three effective measures to govern the controlling shareholders self-i