The motivation of controlling shareholders changes from 'tunneling' before the reform to 'propping' after the reform, especially when the controlling shareholders are of state-owned.
大股东动机由股改前的“掏空”为主转而为股改后的“扶持”为主，尤其是大股东为国有控股的情形。
The separation of corporate controlling right from the right to control cash flow in modern commercial groups makes controlling shareholders have motif to dig tunnels.
现代商业集团中对公司控制权和现金流权的分离使控制性股东具有隧道挖掘的动机。
It need to impose the legal duty on the controlling shareholders in order to avoid abusing of the controlling shareholder's control power.
为防止控制股东控制权之滥用，须对控制股东课以法律义务。
This paper first analyzes the behavior of the controlling and non-controlling shareholders by static and dynamic game with the complete and incomplete information.
通过股权制衡的完全信息和不完全信息的静态、动态博弈分析，研究公司治理中控股股东和非控股股东的行为关系。
On the other hand, the controlling shareholders are more inclined to insider trading in a better profitability and higher proportion of controlling shareholder shares held company.
盈利能力较差、控股股东持股比例较高的公司，控股股东更倾向于进行内幕交易。
On the other hand, the controlling shareholders are more inclined to insider trading in a better profitability and higher proportion of controlling shareholder shares held company.
盈利能力较差、控股股东持股比例较高的公司，控股股东更倾向于进行内幕交易。
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