| 摘要: |
| 金字塔控制结构在公司治理中普遍存在。采用案例研究的方法,以深圳交易所上市公司双汇发展为例,结合公司状况和可获取的资料,从利润分配和信息隐匿两个方面对金字塔结构对投资者的影响进行分析,结果表明金字塔式股权结构的存在容易造成投资者权益受损。因此,必须重视金字塔结构相关的信息披露和对投资者的保护。 |
| 关键词: 金字塔结构 投资者保护 信息披露 |
| DOI： |
| 分类号:F830.592 |
| 基金项目: |
|
| The Effect of Pyramid Structure on Investors ——Taking Shuanghui for Example |
|
CAO Xin wei
|
|
(School of Economics & Management, Tongji University, Shanghai 200092, China)
|
| Abstract: |
| Pyramid ownership structure is very common in corporate governance. This paper adopts the method of case study and sets the listed company Shuanghui in Shenzhen SE as an example to analyze the effect of pyramid structure on investors with the available data of the company from two aspects—distribution of profits and the hidden information. The results indicate that the interests of investors are easier to be harmed when pyramid structure exists. Therefore, attention should be paid to information disclosure about pyramid structure and investors protection. |
| Key words: pyramid structure the protection of investors information disclosure |
