【摘要】 控股股东和中小股东之间代理问题的研究日益引起众多学者的重视。基于企业所有权的视角,文章从控制权和现金流权的分离对两者之间的代理问题进行分析,论证其产生的深层次原因,并以金字塔控股结构为例进行了进一步说明。更多还原

【Abstract】 The research on agency problem between controlling shareholders and middle-small shareholsers is increasingly emphasized by many scholars.Based on enterprise ownership’s perspective,this paper analyses the agency problem between them from the separation of controlling rights and cash flow rights,and also demonstrates the reason why this kind of agency problem comes into being.And we also account for it further taking stock pyramids as an example.更多还原