%0 Journal Article
%T 控股股东股权质押、产权性质与公司价值<br> Controlling Shareholder’s Equity Pledge, Property Right Nature and Company Value
%A 张瑜
%J Frontiers of International Accounting
%P 106-112
%@ 2169-2580
%D 2022
%I Hans Publishing
%R 10.12677/FIA.2022.113014
%X <div style=\"text-align:justify;\">
	<span style=\"font-size:14px;\">一直以来，控股股东股权质押是市场关注的焦点。本文基于我国沪深两市A股非金融上市公司2010~2020年的年度数据，分析控股股东股权质押与公司价值的关系。研究发现：控股股东股权质押与公司价值之间呈现倒“U”型关系，而且这一现象仅在非国有企业中显著。<br />
The Pledge of controlling
shareholders’ equity has always been the focus of the market. Based on the
annual data of A-share non-financial listed companies in Shanghai and Shenzhen
stock exchanges from 2010 to 2020, this paper analyzes the relationship between
controlling shareholders’ equity Pledge and corporate value. The result shows
that: The relationship between controlling shareholders’ equity Pledge and
corporate value is inverted U-shaped, and this phenomenon is only significant
in non-state-owned enterprises.</span> 
</div>
%K 控股股东股权质押，产权性质，公司价值<br> Controlling Shareholder’s Equity Pledge
%K Property Right Nature
%K Company Value
%U http://www.hanspub.org/journal/PaperInformation.aspx?PaperID=54249