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Research on the Protection of Minority Shareholders' Rights in the Context of Major Shareholders' Expropriation: A Case Study of Pangda Group
- 1 Shandong University of Business and Technology, 191 Binhai Zhong Road, Laishan District, Yantai City, Shandong Province, China
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Abstract
In the context of the rapid development of the capital market and the frequent occurrence of expropriation incidents by major shareholders, this paper analyzes the process and methods by which the major shareholder of Pangda Group expropriates the listed company. Using event study methodology, the excess returns and cumulative excess returns are calculated to assess the negative impact of major shareholders' expropriation behavior on the capital market. The paper also proposes a series of suggestions for the protection of minority shareholders' rights under the expropriation of major shareholders, including the identification of warning signals and strengthening supervision, improving the collective litigation system, and introducing institutional investors to assist minority shareholders in participating in corporate governance and defending their rights. These suggestions aim to provide guidance for the protection of minority shareholders' interests in listed companies and contribute to the maintenance of order and healthy development of the capital market.
Keywords
Expropriation by Major Shareholders, Pangda Group, Protection of Minority Shareholders' Rights
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Cite this article
Wang,Q. (2025). Research on the Protection of Minority Shareholders' Rights in the Context of Major Shareholders' Expropriation: A Case Study of Pangda Group. Advances in Economics, Management and Political Sciences,155,147-154.
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Volume title: Proceedings of the 3rd International Conference on Financial Technology and Business Analysis
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