公司最终所有权结构与绩效关系研究综述
外国经济与管理 2007 年 第 29 卷第 04 期, 页码:18 - 23
摘要
参考文献
摘要
本文从全球公司最终所有权结构现状、对国际间公司最终所有权结构差异的解释及最终所有权结构与公司绩效关系等三个方面,对国外关于公司最终所有权结构与绩效关系的文献进行了综述。研究表明,集中所有权形式在大多数国家是主流模式,但是最终所有权结构在各国存在较大差异,并且最终所有权结构与绩效相关。对于何种性质的所有权结构可以提供最有效的控制,目前尚无一致结论。
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[3]Jensen,M C,and W H Meckling.Theory of the firm:Managerial behavior,agency cost and ownership structure[J].Journal of Fi-nancial Economics,1976,(3):305-360.
[4]Fama,E,and Jensen,M.Separation of ownership and control[J].Journal of Law and Economics,1983,(26):134-145.
[5]La Porta,R,Lopez-de-Silanes,F,and Shleifer,A.Corporate ownership around world[J].Journal of Finance,1999,(54):471-517.
[6]Faccio,Mara,and Larry Lang.The ultimate ownership of Western European corporations[J].Journal of Financial Economics,2002,(65):365-395.
[7]Volpin,Paolo.Governance with poor investor protection:Evidence from top executive turnover in Italy[J].Journal of Financial Eco-nomics,2002,(64):61-90.
[8]Julian Franks,and Colin Mayer.Ownership and control of German corporations[J].The Review of Financial Studies,2001,(14):943-977.
[9]Marco Becht,and Ekkehart Boehmer.Voting control in German corporations[J].International Review of Law and Economics,2003,(23):1-29.
[10]Gugler,K.Corporate ownership structure in Austria[J].Empirica,1998,(25):285-307.
[11]Renneboog,L.Ownership,managerial control and the governance of companies listed on the Brussels Stock Exchange[J].Journal ofBanking and Finance,2000,(24):1959-1995.
[12]Claessens,S,Djankov,S,and L H P Lang.The separation of ownership and control in East Asian corporations[J].Journal of Fi-nancial Economics,2000,(58):81-112.
[13]Lins,K.Equity ownership and firm value in emerging market[J].Journal of Financial and Quantitative Analysis,2003,(38):159-184.
[14]Lemmon,M,and Lins,K.Ownership structure,corporate governance,and firm value:Evidence from the East Asian financial cri-sis[J].Journal of Finance,2003,(58):1445-1468.
[15]Yunshi Liu,David Ahlstrom,and Kuang S Yeh.The separation of ownership and management in Taiwan’s public companies:Anempirical study[J].International Business Review,2006,(15):415-435.
[16]Attig,Najah,and Gadhoum,Yoser.The governance of the Canadian traded firms:An analysis of the ultimate ownership structure[R].SSRN Working Paper,2003.
[17]Lamba,A,and Stapledon,G.The determinants of corporate ownership structure:Australian evidence[R].SSRN Working Paper,2001.
[18]Xiaonian Xu,and Yan Wang.Ownership structure and corporate governance in Chinese stock companies[J].China Economic Re-view,1999,(10):75-98.
[19]Claessens,S,and Djankov,S.Ownership concentration and corporate performance in the Czech republic[J].Journal of ComparativeEconomics,1999,(27):498-513.
[20]Grosfeld,I,and Tressel,T.Competition and ownership structure:Substitutes or complements?[J].Economics of Transition,2002,(10):525-551.
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邓德军, 周仁俊. 公司最终所有权结构与绩效关系研究综述[J]. 外国经济与管理, 2007, 29(4): 18–23.
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