我国上市公司控制权市场公司治理效率——基于股权分置改革的研究  

Research on Efficiency of Corporate Governance of Listed Company Control Market in China:Based on Non-tradable Shares Reform

作　　者：许萍[1] 郑晓鸿[1] 

机构地区：[1]福州大学管理学院,福州350108

出　　处：《科技和产业》2010年第7期69-75,共7页Science Technology and Industry

基　　金：福建省高等学校新世纪优秀人才支持计划资助项目(闽教科〔2007〕)20号)的阶段性成果

摘　　要：股权分置改革后,对股权分置问题的研究,从应否改革、如何改革等问题,转到改革后我国控制权市场能否走上健康发展的轨道,控制权市场外部治理机制能否有效约束公司管理层和大股东的行为等问题上来。本文就我国上市公司控制权市场的公司治理效率进行了实证研究,得出了股权分置改革前后我国上市公司控制权市场低效率的研究结论。Now,the research to the problem of split share structure, should from the issues of whether should reform,how reform,etc.,turn into such questions whether the corporate control market of China could get onto the right track of sound development after the reform,whether corporate governance efficiency of corporate control market could get great improvement,etc. Using data from China listed company ,this paper researches the efficiency of corporate governance of listed company control market in China, finds that the Chinese market for corporate control is week efficient before and after reform of non-tradable shares.

关 键 词：股权分置改革 控制权市场 公司治理效率 

分 类 号：F276.6[经济管理—企业管理]