Research On The Effect Of Ultimate Controller To The Financial Risk Of Agriculture Listed Companies

Agricultural is a basic industry, it plays a very important role in the nationaleconomy, but the slow development of agriculture. Agricultural listed companies inthe capital market to absorb the social funds, upgrade agriculture industry plays avital role in the management of agricultural markets is the inevitable trend ofagricultural development. But in recent years, China’s listed companies ofagricultural management issues that arise can’t be ignored, such as the company’soperating performance decline, the company’s agricultural business profitability islow, and even some agricultural listed companies face the dilemma of bankruptcy,which have led to the financial risk of listed companies to improve agriculture. Thispaper attempts to explain the basic situation of agricultural listed companies, foundthe ultimate controlling shareholder of listed companies in the agriculturalphenomenon is extremely common. And the emergence of the phenomenon of theseparation of ownership, the ultimate controlling shareholder of the separation ofownership and increased by a certain way, to a certain extent, against the interests ofminority shareholders, increasing the financial risk of listed agricultural companies.This paper is divided into five parts: The first part is an introduction, firststudied relevant literature at home and abroad, then introduces the background,purpose and significance of the current research were analyzed and summarized,introduced the main contents of this paper, methods and ideas, as well as thetechnical route. The second part describe the control over the agricultural listedcompanies and financial risks related discussion, including the basic situation anddevelopment status of China’s listed companies in agriculture, connotation ultimatecontrol over the agricultural way of listed companies and listed companies’ financialperformance of the agricultural risk. Lay the foundation for follow-up study. Thethird part is mainly theoretical research is based on the ultimate control of the variousfactors that affect agricultural listed companies to analyze financial risk, mainlyanalyzes the impact of the separation of ownership and the nature of man’s ultimate control and ultimate control structure for financial risk, and more analyticalconclusions relevant theoretical assumptions. The fourth part is empirical analysis,mainly on the theory of the third part of the proposed hypothesis tests were carriedout to establish the model, variable definitions, sample selection and data sources, thefirst samples were descriptive statistical analysis, and the use of linear regressionmethod2011-2013for agricultural listed companies empirical test data. The fifth partis drawn by the above analysis of listed companies on agricultural risk managementand control countermeasures.Through the above analysis, this paper hopes the empirical methods to testChina’s private listed companies of financial risk control ultimate the influencedegree of each other and the related. I hope that can through the conclusions ofprivate listed companies for later reduce financial risk used for reference.