Notice of Retraction: Private benefit behavior of control right corporate governance and local government's supervision defaults — Based on the case of Sichuanjinding

Abstract

Under the condition of full circulation, how to harmonize the benefit of control stock holders and small and medium sized holders becomes the hot topic of current times. How to keep away moral behavior and private benefit of control stock holder's effectively is the tough task which corporate governance faces under the serious information asymmetry. This paper takes Sichuanjinding for example, analyses the private benefit behaviors of control holders in full circulation circumstance, points out the defaults of corporate governance and local government's supervision. Finally, author puts up some revelations and suggestions.