%0 Journal Article
%T Controlling shareholder''s double-temporal private benefits under intertemporal investment<br>基于跨期投资视角的控股股东两期控制权私利行为
%A DOU Zhong-qiang
%A LIU Xing
%A CHEN Qi-an
%A <br>豆中强
%A 刘星
%A 陈其安
%J 系统工程理论与实践
%D 2010
%I 
%X Based on the theory of private benefits of control,this paper builds double-temporal expropriation models under intertemporal investments to analyze how cash-flow rights,future rate of return and legal protection affect private benefits of controlling shareholder.The conclusions show that:cash-flow rights and legal protection of shareholders are negative with the current and future first-best expropriation; the future rate of return is negative with the current first-best expropriation,but irrelative with t...
%K controlling shareholder
%K intertemporal investment
%K double-temporal expropriation
%K first-best expropriation level<br>控股股东
%K 跨期投资
%K 两期侵占
%K 最优侵占水平
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=79CB29BF668288B03E1C00F45CC257BA&yid=140ECF96957D60B2&vid=340AC2BF8E7AB4FD&iid=E158A972A605785F&sid=3EABEBD973E45554&eid=9BF3B0483F192149&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=0&reference_num=21