Empirical Analysis on the Two-type Corporate Governance Issue of China's Private Listed Companies

摘要

Based on the background of larger shareholders controlling, the two-type corporate governance issues are synthesized studied, which try to clear the specific distribution of the two types corporate governance issues of China's private listed company. The research founds that due to the large shareholders' controlling for China's private listed companies, the settlement of the first-type corporate governance issue does not mainly reduce agency costs but actively introduce professional managers, and the second-type corporate governance issue does not mainly have to settle the issue of the excessive separation of the ownership and the control, but more cares the socialization of the family's capitals in firms.