%0 Journal Article
%T Private benefits of control, growth options and inefficient investments<br>控制权私利、增长期权与非效率投资行为
%A CAI Zhen-hong
%A RAN Rong
%A <br>蔡珍红
%A 冉戎
%J 系统工程理论与实践
%D 2011
%I 
%X This study is about the influence of growth options on inefficient investment and firm value under controlling shareholder settings.Results indicates that controlling shareholder makes under-investment decision which stray from maximum firm value aim but the growth options that firm owned produces alleviating effect to the under-investment because controlling shareholders like the sustainability of private benefits of control.Further more,the greater the growth factor and the more shares that the controllin...
%K private benefits of control
%K growth options
%K growth factor
%K under-investment<br>控制权私利
%K 增长期权
%K 增长因子
%K 投资不足
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=7651BE239073E9E5F215EB3E73C02B6C&yid=9377ED8094509821&vid=4AD960B5AD2D111A&iid=CA4FD0336C81A37A&sid=E514EE58E0E50ECF&eid=E84BBBDDD74F497C&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=0&reference_num=22