大股东治理与现金股利行为研究

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1、西南交通大学博士学位论文大股东治理与现金股利行为研究姓名：刘孟晖申请学位级别：博士专业：管理科学与工程指导教师：沈中华20080901第lI页西南交通大学博士研究生学位论文(4)大股东与现金股利治理机制的构建途径。采用实证方法，对大股东与现金股利治理机制进行检验，结果表明：大股东所有权的集中并不能降低代理成本和提高代理效率，中国上市公司的大股东治理机制还存在很大的局限性。现金股利基本上可以起到降低代理成本、提高代理效率的作用，但仍存在很大的局限性。其它公司治理机制的缺失也是大股东侵占产生的重要原因，其主要表现为：“股权制衡不制衡”、“独立董事

2、不独立”、“投资者保护不保护”。关键词大股东治理；现金股利；侵占度；稳健性西南交通大学博士研究生学位论文第

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