JOURNAL OF JIANGHAN UNIVERSITY (Social Science Edition) ›› 2011, Vol. 28 ›› Issue (1): 63-67.

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Empirical Research on Relationship between the Quality of Information-disclose and the Profit of Dominant Control Right by Listed Companies

LIU Li-yan1, CHEN Jie2   

  1. 1. School of Business, Jianghan University, Wuhan 430056, Hubei, China;2. Dept. of Marketing Promotion, Shenzhen Stock Exchange, Shenzhen 518010, Guangdong, China
  • Received:2010-05-27 Online:2011-02-12 Published:2013-12-31

Abstract: Empirical research on the shifting of the control right among listed companies taking place in 2005 to 2007 in Shenzhen Stock Exchange shows that the profit level of the controlling shareholders’ dominant control right is negatively correlated with the average level concerning the quality of information-disclose during the shifting of the control right and positively correlated with controlling the end controllers’ share and with the profit of dominant control right. The research shows that to strengthen the inspection on information-disclose during the shifting of listed companies’ control right and to establish the check and balance structure of controlling the end controllers’ share can control the share profit level of the dominant controllers by harming the medium and small investors.

Key words: profit of dominant control right, quality of information-disclose, end controller

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