Research on the Motivation of Controlling Shareholder's Misappropriating Behavior and its Effect to the Significance of National Property Right Reform

The reform of national property rights has now been coming into the difficult phase and diversified cases of the controlling shareholder's misappropriating behavior can be found everywhere.Firstly,the mechanism and motivation of the controlling shareholder' s misappropriating behavior is analyzed by the LLSV model,then the equilibrium conditions are investigated,by the end of this paper,some policy suggestions of national property rights reformation are provided forward