查询词典 shareholders

We study the shareholders structure in Chinese public listed companies, the cause of formation, the abuse, the comparison with other countries and the relation between the controlling power and the shareholders structure,so as to find policies.In chapter four we discuss the cost of the private benefit from control by model when the block shareholder colludes with the manager.

在存在外部制衡的状态下，对模型进行了拓展，进一步研究在引入外部制衡力量后，公司在控股股东的控制下追求其自身效用的最大化所达到的均衡结果，并与不存在外部制衡情况下的均衡结果相比较，最后分别讨论了公司存在外部债务的情况下的模型的解和控股股东对公司捐赠利润的可能性。

Especially in our country, it's a commonplace that in the listed company, there's a controlling shareholder who has high proportion of shares. And because of the Special Condition of the security market in our country, the controlling shareholders usurp on minor shareholders'interest frequently, it concentrated on the listed company's controlling shareholder depredating the minority shareholder's interest.

特别是我国，在上市公司中普遍存在一个持股比例较高的控制股东，且由于我国证券市场的特殊性，我国上市公司控制股东侵害中小股东的程度高于其他国家，上市公司控制股东侵占中小股东利益的事件频频发生，集中表现在上市公司控制股东对中小股东利益的掠夺。

For the mode of legislation, it is suggested that a principle regulations to be made while the detailed applied situation and conditions are specified further in judicial explanation; regarding the applied situation, give four kinds of examples as shortage of capital, mixing of company, property of shareholders, business and personality, avoid the liability of contract and legal liability using of company personality; when making judgment, such three parts as main body, action and results have to be considered. The voluntary creditor and forced creditor consists of prosecutor, those person who abuses the force of company is the defendant who has the act of abusing company personally resulting in bad effect; the responsibility of producing of evident may refer to those of courts of Germany, which is proved by prosecutor, after that, the defendant provides the evident that he has a proper action for the suit of company or his action is not the direct cause for the loss of company; the legal effect of disregarding of corporate personality is to deprive the rights of limited liability of shareholders and shall undertake the affiliated liability according to different situations of company debts, however, it is clear that the legal effect is only limited to the special legal relationship in the specific case; the exercising body is made by court while the corporate personality might not be disaffirmed directly in exerting process; finally, it points out the real essence and also its real sense and difficulties in practice.

对立法模式，建议成文法中只做原则性规定，而具体的适用情形、适用条件等规定可以在司法解释中进一步作出明确规定；对适用情形，根据我国实际列举了资本显著不足、公司与股东财产、业务、人格的混同、利用公司人格规避契约义务和逃避法律义务四种大类；审判时应考虑的要件包括主体、行为、结果三大要件，自愿债权人和非自愿债权人构成原告，对公司有控制力的滥用者为被告，要有滥用公司人格的行为，并有损害的结果产生；举证责任可参照德国法院的做法，由原告提供初步证据证明公司存在滥用公司人格的行为，而后，由被告提供证据证明自己与涉诉公司的关系是正当的，或自己的行为与原告的损失没有因果关系；否认公司人格的法律效果是剥夺股东在个案中的有限责任的权利，视不同情形对公司债务承担连带责任，但应明确法律效力仅限于个案中的特别法律关系；行使主体应由法院的审判庭行使，而不宜在执行程序中直接否认公司法人人格；最后对逆向揭开公司面纱作了探讨，指出其现实意义和实践难点。

This kind of dissevered structure leads actual control person and principal shareholders distort other shareholders' value standard.

这种相互割裂的股权结构导致了实际控制人或大股东独立的有悖于其他股东的价值追求标准。

Therefore , the company law of the countries all over the world confer rights to learn the truth on shareholders , which including the right of inspecting financial accounting report , the right of inspecting books and records , the right of inquiry and the right of request for empanelling inspector . the author writes the paper to present the assumptions on how to perfect our system of shareholders ' rights to learn the truth , by drawing on other countries ' successful experience of legislation and analyzing the shortages of our existing laws . this article is composed with four chapters

因此在借鉴各国公司立法经验的基础上，本文认为，要完善我国股东知情权制度首先应在我国公司法律制度中赋予股份有限公司股东查阅公司帐簿的权利，同时为防止股东滥用此项权利，应当对股东行使该权利时的正当目的、持股比例、持股时间以及行使程序上作出必要的限制；其次应当明确股东质询权以及行使权利的范围、程序，赋予股东在质询权受到侵害时的诉权，并对法院的裁判赋予强制执行的效力，即责令董事会必须限期对股东的质询作出充分说明。

The results show that the companies of which the largest shareholder has higher ownership proportion holds more cash, which is likely to imply the high ownership is the basis of large shareholders expropriating minority shareholders.

结果表明，第一大股东持股比例较高的公司持有较多的现金，大股东的高持股比例是其占用企业资金侵占中小股东利益的基础。

It's suggested that understanding on the influencing factors of private benefit is helpful to restrict controlling shareholders expropriating the benefit of minority shareholders efficiently.

笔者认为，只有正确认识和理解控制权私人收益的影响因素，才能有效地制约控股股东侵害中小股东的行为。

Then, we make objective conclusions on the current level of private benefit from control in order to provide the government and the minority stockholders with the measurement on controlling shareholders expropriating the benefit of minority shareholders.

本文的主要研究内容和研究成果包括以下几个方面：首先，本文对控制权、控制权收益和控制权私人收益的基本理论进行阐述，深入剖析了控制权私人收益的影响因素。

I say "it seems", because so far the financing agreement did not worked – to be in force it seems one needs guaranties from shareholders: Posta Romana, other shareholders or Romanian state.

我说&看上去&，原因是到目前为止融资协议没有真正运作—要推动的话需要得到股东的担保：Posta Romana，其它股东或者罗马尼亚政府。

The main conclusions are: [1] Rapid development of corporations engenders urgent demand of financing, conflict between capital market imperfection and demand of financing leads corporations to control listed corporations by purchasing "shell" and enhance it"s financing capability; [2] Two kinds of pricing institution of stock provides stirpses for controlling listed corporations by low cost, monitoring institution imperfections provides corporations for operating listed corporations. Adjust of national assets provides more "shells; [3] More private corporations purchase listed corporations, some of them form stirpses; [4] Stirpses have positive influence about adjusting industry and enhancing capital market financing function; [5] Stirpses magnify financial risk by controlling listed corporations, and transform listed corporations from shareholders benefit to block shareholder benefit, having tendency of infracting shareholders benefit.

本文主要的结论：[1]中国企业的迅速发展对融资有迫切的要求，中国国内资本市场发展不完善与这种强烈的融资需求的冲突导致了企业寻求通过买&壳&的方式控制上市公司，以此来提高自身的融资能力；[2]中国上市公司股票的两种定价机制为&系&低成本控制上市公司提供了可能，监管机制的不完善为&系&提供了操纵上市公司的空间，国有资产在调整过程中从部分竞争行业退出，为资本市场提供了一定数量的&壳&资源；[3]民营企业纷纷买&壳&上市，在这个过程中，部分实力突出的企业形成了&系&；[4]&系&现象对进行行业整合、提高资本市场融资能力等方面起到了积极的作用；[5]&系&通过对上市公司进行的操纵放大了金融风险，将上市公司的股东利益最大化变为大股东利益最大化，存在着侵害小股东利益的潜在倾向。

The teacher likes the honeymouthed little girl very much.

老师很喜欢这个嘴甜的小姑娘。

Mr. Notker Bien's interests are traveling, spending quality time with the family and long-distance-running.

诺特卡·柏恩先生热爱旅游，长跑，以及和家人一起共度美好时光。