超控制权私人收益及其非货币性收益的度量

摘要

股权分置改革以后,大股东与中小股东的利益趋于一致,但是关于大股东利用控制权来侵占中小股东利益的问题还是没有解决,特别是大股东控制权私人的非货币性收益的计量仍然缺乏相关的理论研究。本文把控制性大股东的超控制权私人收益分为可以货币化的和不能货币化的收益,并着重说明非货币化的收益如何进行度量,最后提出抑制超控制权私人收益的相关措施。%After the reform of non-tradable shares, the interest of the largest shareholder and minority shareholders gradually converge, but the problem--the "tunneling" behaviors of the largest sharehold- er-still has not been completely resolved. Especially, the measurement of non-monetary profits of the largest shareholder needs to be studied. This article tried to propose some measures to resolve these problems.