股权集中

股权集中的所有权结构中，控制股东持有公司较低的现金流权，却可以拥有远远超出现金流权的控制权。

Controlling shareholders can hold control rights exceed their cash flow rights in concentrated ownership structure .

公司控制权市场是控制权内部约束机制失效下的一种外部平衡机制，不同的所有权结构对应着不同的控制权转移方式，控制权转移模型表明股权集中下更易发生无效率的并购。

The market for corporate control is an exterior balanceable mechanism when inner restriction mechanism can 't work . Different ownership structure has different way of the transfer of control , and a model of transfer indicates that more inefficient merges and acquisitions will take place under concentrated ownership structure .

股权集中度与盈余管理呈U形关系，董事会规模与盈余管理呈U形关系，及与假设相符。

Ownership concentration and earnings management is a U-shaped relationship , board size and earnings management was U-shaped relationship , and consistent with the assumptions .

国有股比例、股权集中度分别与资产负债率呈显著U形关系；高管持股比例、企业变现能力、资产抵押价值、经营风险与资产负债率无显著相关性；

The proportion of the state-owned share and the concentration of ownership respectively has a significant correlation with asset-liability ratio in a shape of " U ";

另外，本文发现资产负债率以及股权集中度与CEO更换显著正相关。

Moreover , this study find that CEO turnover decision is related positively to the asset-liability ratio significantly , the same as to the ownership concentration .

实证结果表明股权集中度、风险投资、独立董事、债务资本市场对IPO盈余管理均存在着显著影响。

The empirical results show that ownership concentration , venture capital , independent directors as well as debt capital markets can significantly affect IPO earnings management .

研究发现股权集中度、少数股东联盟、CEO任期、总经理董事长独立性和法制环境等因素在不同程度上对财务舞弊行为产生影响。

We conclude a result that factors of the ownership concentration , league of minor shareholders , CEO tenure , CEO duality and the law have effects on financial fraud .

分析认为NBA球队产权制度安排的主要特征是：球队股权集中，大股东控制明显；

The characteristics of the property rights of NBA teams were concluded as the following : shares were concentrated in the hands of certain big share holders ;

文章选取2002&2004年50家浙江民营上市公司的面板数据作为研究对象，以ROE值作为经营绩效评价指标，从股权集中度、股权构成两方面探讨了公司股权结构与经营绩效之间关系。

The pooled data of 50 companies from 2002 to 2004 is used in analysis . The correlation is examined from two aspects : the ownership concentration and the ownership constitution . ROE is used to analyses corporate performance .

农业样本上市公司前五大股东持股比例总和CR5所代表的股权集中度与公司绩效呈现倒U型特征；

Equity concentration ratio CR5 which is the sum of shares of the leading five shareholders and corporate performance present an inverse-U shape .

然后借鉴LLSV的一个理论模型，从理论上推导出股权集中度和投资者保护水平对会计信息披露质量的影响，并从微观层面构建了一个投资者保护指标体系以刻画上市公司的投资者保护水平。

Then , we take example of a theoretical model of LLSV to deduce how the ownership concentration and investor protection affect the disclosure quality . Furthermore , we have constructed a micro-level investor protection index to describe the listed companies ' investor protection level .

股权集中度高。

The lastly , the concentration rate of shares is high .

医药上市公司股权集中度与绩效的关系研究

The Relationship Between Equity and Corporate Performance of Medical Listed Companies

资本结构与股权集中度显著正相关。

Concentration of share is significantly positively related to capital structure .

上市公司股权集中度影响因素实证分析

Positive analysis on equity concentration influence factor of listed companies

股权集中度越高，上市公司越愿意分配；

The company with higher stock concentration is more prefer to allot .

股权集中度、投资者保护与公司绩效

Concentration Ratio of Shares 、 Investor Protection and Corporate Performance

股权集中下投资-现金流问题探讨

Research of Investment and Cash Flow Constrain Under Ownership Concentration

股权集中度显著影响公司业绩。

Ownership concentration has significant effect on corporate performance .

股权集中度与公司资本结构存在显著负相关关系。

Capital structure is negatively related to ownership concentration .

股票流通度与股权集中度有不稳定的显著影响；

Degree of circulating stock and centralization of shareholder bring erratic powerful impact ;

股权集中度越高的上市公司越容易发生财务舞弊；

There is significant correlation between degree of ownership concentration and financial fraud ;

在股权集中的情况下，上市公司本应由全体股东共同享有的控制权转移到控股股东手里。

Under concentrated-ownership structure , the common-shared control rights shift to controlling shareholders .

国有股减持有助于降低国有企业的股权集中度，从量上优化国有企业的股权结构。

Reducing state-owned share is helpful to reduce the degree of ownership concentricity .

上市公司实际控制人、股权集中度与业绩之间的关系

The Relation between Actual Controller 、 Ownership Concentration and Performance of Listed Firms

劳动群众集体所有权股权集中的私人公司

Collective ownership by the working people closely-held private company

家族企业股权集中度绩效实证研究

Empirical Research on the Family Company Concent ratio n Ratio of Shares and Performance

股权集中程度越高公司绩效越差。

The higher concentrated of the ownership is , the worse corporate performance is .

企业股权集中度的决定因素

Factors Influencing the Concentrated Extent of Corporate Ownership

第3章为股权集中度与企业绩效相关理论，本部分介绍了股权集中度与公司治理绩效的一些相关理论。

The third chapter introduces some related theories of ownership concentration and management performance .