This paper reviews the theory of private benefits of control,and estimates the private benefits of control in China. The results show:(1)The average private benefits of control in China are much more than the average ...This paper reviews the theory of private benefits of control,and estimates the private benefits of control in China. The results show:(1)The average private benefits of control in China are much more than the average around the world and decrease year by year;(2)Three variables have negative correlation with private benefits of control,they are the total assets of listed corporation,the latest net yield per share,the proportion of liquid shares to the total shares.展开更多
文摘This paper reviews the theory of private benefits of control,and estimates the private benefits of control in China. The results show:(1)The average private benefits of control in China are much more than the average around the world and decrease year by year;(2)Three variables have negative correlation with private benefits of control,they are the total assets of listed corporation,the latest net yield per share,the proportion of liquid shares to the total shares.
