The corporate governance structure character and large shareholders agency problem (ID: 8-038)

This paper investigate the character of the corporate governance structure in its three sides, governance in shareholders conference, board of directors and supervisory board. Then we make these as latent variable, use structure equation model, choose 15 indicators to reflect the governance level of shareholders conference, board of directors and supervisory board then study the correlation between these character and large shareholders agency problem, with the result we can see clearly when there is large shareholders agency behavior what character the corporation would show. At the end we find that shareholders conference, board of directors have more impact on refraining large shareholders agency behavior. ne governance effect of supervisory is waited to be proved, especially now in china, independent board directors system can hold down large shareholders agency behavior tremendously. To give board of directors more right, we can get better governance effect.