• DocumentCode
    2191680
  • Title

    A Model Explaining the Paradoxes of Private Benefits of Control

  • Author

    Ran Rong ; Yang Liu ; Yao Yuan

  • Author_Institution
    Dept. of Math & Comput. Sci., Chongqing Three Gorges Coll., Chongqing, China
  • fYear
    2009
  • fDate
    20-22 Sept. 2009
  • Firstpage
    1
  • Lastpage
    4
  • Abstract
    Researches related to PBC has found some inconsistent questions called Paradoxes of PBC under the formalism which considers that PBC is harmful to small shareholders. This theory reminds that present views on PBC may distort the nature of large shareholder encroachment. This paper introduces a model to explain the Paradoxes of PBC, and the results shows that some proper PBC has incentive effects. Furthermore, excessive PBC will be harmful to small shareholders and firm value, so it should be remedied.
  • Keywords
    stock markets; PBC paradox; incentive effect; private benefits-of-control model; small shareholder; Computer science; Control systems; Cost function; Cyclic redundancy check; Educational institutions; Law; Legal factors; Protection; Radio access networks; Weapons;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Management and Service Science, 2009. MASS '09. International Conference on
  • Conference_Location
    Wuhan
  • Print_ISBN
    978-1-4244-4638-4
  • Electronic_ISBN
    978-1-4244-4639-1
  • Type

    conf

  • DOI
    10.1109/ICMSS.2009.5305422
  • Filename
    5305422
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=2191680