Research On Controlling Shareholders' Interest Embezzlemen

For a long time,the behavior of controlling shareholders' appropriation of the interests of listed companies has occurred in many countries around the world.In the past ten years,the amount of funds lost in China's capital market caused by the encroachment of the interests of controlling shareholders of listed companies has reached 10%.Therefore,an in-depth analysis of the interests of controlling shareholders has a certain practical significance for the long-term and orderly development of the capital financial market.This article selects the typical case of huge appropriation and causes bad effects.As a research object,Kangdexin Company introduces the means of interest appropriation of the controlling shareholder of Kangdexin Enterprise,studies the factors that lead to the appropriation of interests,and proposes targeted solutions.This article includes the following six parts.The first part is the introduction.It sorts out the relevant literature from the reasons and methods of controlling shareholder's encroachment of interests,the company's performance and the negative impact on the capital market,and finally points out the research method,research content framework and innovation points and deficiencies of this paper.The second part is the related concepts and theoretical foundations.It conceptually defines the controlling shareholder's behavior of encroaching on the interests of listed companies,and analyzes the theoretical motivation of the controlling shareholder's encroachment on the interests of listed companies.The third part is an introduction to the case where Kangdexin's controlling shareholder invaded the interests of the listed company.Through reviewing the entire incident,the analysis found that the controlling shareholder of Kangdexin's company mainly occupied the huge profits of the listed company through the related parties'occupation of funds and the provision of guarantees to related parties in violation of regulations.,While explaining the negative effects of this behavior.The fourth part is the reason why the interest deprivation behavior of Kangdexin's controlling shareholders was realized.The research found that the causes of the problem were the inaction of the small and medium shareholders,the unreasonable internal governance structure of the company,and the insufficient external supervision and management.In the fifth part,in order to prevent the infringement of the interests of the controlling shareholders,the countermeasures for the infringement of the interests of the controlling shareholders of Kangde New Company are put forward based on the causes.The main measures are to strengthen the role of small and medium shareholders,improve the corporate governance structure,and strengthen external supervision and management.Start.The sixth part is the conclusion of this article,summing up the research content of the full text.This paper uses case analysis method,literature research method and quantitative analysis method to conduct research.Through in-depth analysis of the current situation of interest appropriation of Kangde New Company,specific solutions to the causes are proposed.It can contribute to the corresponding theoretical research,and at the same time can make the majority of small and medium shareholders more clearly understand the behavior of the controlling shareholders invading the interests of listed companies,which is of great help to restrict the illegal behavior of the controlling shareholders and promote the long-term healthy development of the company.