Theoretical Research on Interest Transfer of Allocating Resources under the Background of Pyramid Structure and Development in China

DOI

10.2991/asshm-13.2013.87How to use a DOI?

Keywords

pyramid construct;interest transfer; allocating resources; ultimate controller

Abstract

Ultimate controller can control several times of its size’ resources and many co- mpanies with fewer resources, by using the pyramid shareholding structure, and these resources are allocated among the member companies. In the controlled company, there is interest transfer in the allocating resource, once it lacks of effec-tive measures in the control of ultimate controller. Today, the full circulating stock market, pyramid structure, stock market system not being perfect, lacking of effective protection of investor’s in-terest. These will exacerbate the problem of interest transfer in the allocating re-sources. Therefore, it is necessary to study the ultimate controller’s allocating resource mechanism and its operation mechanism under pyramid structure. In view of this issue, it is necessary to sort out the pyramid structure of Ultimate Controlling Shareholder Expropriation theory, and puts forward the measures and suggestions for China's background characteristics.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Daqin Wu
AU  - Rong Wang
PY  - 2013/12
DA  - 2013/12
TI  - Theoretical Research on Interest Transfer of Allocating Resources under the Background of Pyramid Structure and Development in China
BT  - Proceedings of the 2013 International Conference on Advances in Social Science, Humanities, and Management
PB  - Atlantis Press
SP  - 461
EP  - 467
SN  - 1951-6851
UR  - https://doi.org/10.2991/asshm-13.2013.87
DO  - 10.2991/asshm-13.2013.87
ID  - Wu2013/12
ER  -