我国证券市场投资者权益行为研究 (How Do Chinese Shareholders Exercise Their Rights to Vote? An Empirical Study)
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AbstractWe conduct a preliminary empirical study on the shareholders’ exercise of their rights in China’s A-share stock markets. Our focus is on shareholders’ attendance of the general meeting and their exercise of voting rights. We empirically show that the ownership form, concentration of shareholding, firm’s profitability, and the firm size have a statistically significant impact on investors’ attendance and voting behaviour. Our case studies further demonstrate that the majority of the minority rule and the presence of long-term investors both incentivise public investors’ exercise of rights. We also critically examine the role of the China Securities Investor Services Centre, a PRC public investor protection body.
Acceptance Date01/02/2020
All Author(s) ListChao Xi, Sirui Han, Ning Cao, Haochuan Gong
Journal name投资者 = Investor
Year2021
Month2
Volume Number13
Issue Number1
PublisherChina Law Press
Article number2
Pages17 - 37
LanguagesChinese-Simplified

Last updated on 2021-06-12 at 10:12