基于关联交易的大股东侵占行为研究-管理科学与工程专业论文.docxVIP

西安理工大学硕士学位论文Title：Study 西安理工大学硕士学位论文 Title：Study of Large Shareholders’Invasion Behavior Based on Related-party Transactions Major：Management Science and Project Name：Yang Xi Signature：牲 Supervisor：Prof．Cui Junkai Prof．Chen aijuan Signature：—． Abstrac2。4咿凡0帆回廖 Under the background of ownership structure．the controlling shareholder his special right to influent list company’s management，in order to expropriate the cash and profit of list companies．The tunneling of the large shareholders has encumbered the management of the listed company and damage the confidence of the investor．Now the urgent problem which should be solved are how to keep large shareholder’s tunneling within limits and make listed company develop healthily and properly． This article the method which the standard research and the real diagnosis analysis．In theoretical analysis,invade the root and reason obtaining from the analysis connection transaction and the major stockholder which the behavior produces．In real diagnosis research part，used the illustration law to invade to be listed benefit to the major stockholder the main method and the way carries has ground．Through establishment econometrics model，connected the transaction proportion and the managerial fund is invaded by the occupancy rate∞the major stockholder the behavior the descriptive variable It with the stockholder。s rights structure target，the company governs the structure target to carry on the multiple regression analysis The result show that the connection between the expropriations by the controlling shareholder with the proportion of controlling shareholder is reversal‘U’，the expropriation by the controlling shareholder is significantly negative related with the shares of the second shareholder,the first major stockholders as the state·owned enterprise holding must be more easier than the non-state··owned enterprise holding to invade behavior and the expropriation by the controlling