Proceedings of the 8th International Conference on Education, Management, Information and Management Society (EMIM 2018)

A China Case Study on Big Shareholders' Propping and Tunneling

Authors
Tangmei Yuan
Corresponding Author
Tangmei Yuan
Available Online August 2018.
DOI
https://doi.org/10.2991/emim-18.2018.11How to use a DOI?
Keywords
Corporate Governance; Big Shareholders; Controlled Supportive Behavior; Tunnel Behavior
Abstract
This paper, with the help of China Top Software Company case, have analyzed both the motivation and implement approaches of propping and tunneling actualized by big shareholders of China's listed companies. Propping and tunneling both are main shareholders' behavior of transferring benefits in different directions in order to maximize their own benefits, the propping aims at raise the performance targets of listed companies, and that tunneling, which usually does not have an effect on the current performance but which causes a long-term harm to company's value and minority shareholders' interests, aims to transfer actual resources to main shareholders.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
August 2018
ISBN
978-94-6252-546-7
ISSN
2352-5398
DOI
https://doi.org/10.2991/emim-18.2018.11How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Tangmei Yuan
PY  - 2018/08
DA  - 2018/08
TI  - A China Case Study on Big Shareholders' Propping and Tunneling
PB  - Atlantis Press
SP  - 47
EP  - 53
SN  - 2352-5398
UR  - https://doi.org/10.2991/emim-18.2018.11
DO  - https://doi.org/10.2991/emim-18.2018.11
ID  - Yuan2018/08
ER  -