摘要
以2004～2006年在深交所主板上市的国有控制公司和民营控制公司为样本,对实际控制人类型、控制权与现金流权分离程度同信息透明度之间的关系进行实证研究后发现,民营企业控制的上市公司信息透明度显著低于国有控制的上市公司,随着控制权与现金流权分离程度的增加,民营企业控制的上市公司信息透明度显著降低。
This article sets state-owned and private-owned companies that listed on the main board of Shenzhen Security Exchange from 2004 to 2006 as examples,and gives a positive research on the influence of ultimate controlling owner on information disclosure transparency from the view of type and discrepancy between control right and cash flow right. The result shows that information disclosure transparency of private-owned companies is lower than state-owned companies, and with the increase of discrepancy between control right and cash flow right of ultimate controlling owner, information disclosure transparency of private-owned companies becomes lower.
出处
《科技与管理》
CSSCI
2009年第3期111-114,共4页
Science-Technology and Management
关键词
实际控制人
控制权
现金流权
透明度
ultimate controlling owner
control right
cash flow right
transparency
