Embezzlement of Principal Shareholders Based on a Case Study of Xiancheng Mining Company
Ran Liu, Jihui Sun, Lantian Jiang
Available Online October 2017.
- https://doi.org/10.2991/icesem-17.2017.145How to use a DOI?
- principal shareholder; corporate governance; operational tunneling
- The consequences and possible reasons for embezzlement of principal shareholders based on Xiancheng mining group were analyzed. According to data from Xiancheng mining group, existing problems of external governance and internal governance causing embezzlement of principal shareholders were pointed out. The study indicates that corporate governance could help to significantly improve internal and external governance structures and reduce tunneling. Principal shareholders should be committed to make better development of the company and improve the company's competitiveness to obtain better prospects. Furthermore, economic reforms like the attempts to improve corporate governance and to limit the influence of the state in publicly listed companies are recommended.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Ran Liu AU - Jihui Sun AU - Lantian Jiang PY - 2017/10 DA - 2017/10 TI - Embezzlement of Principal Shareholders Based on a Case Study of Xiancheng Mining Company BT - Proceedings of the 2017 International Conference on Education Science and Economic Management (ICESEM 2017) PB - Atlantis Press SP - 638 EP - 641 SN - 2352-5398 UR - https://doi.org/10.2991/icesem-17.2017.145 DO - https://doi.org/10.2991/icesem-17.2017.145 ID - Liu2017/10 ER -