Author(s)

Miao Xiang ¹, Yuhao Zhang ²

Affiliation(s)

¹ College of Economics and Management, Hubei University for Nationalities, Enshi, 445000, China
² School of Finance and Economics, Tibet University for Nationalities, Xianyang, 712000, China

Corresponding Author

Miao Xiang

ABSTRACT

In recent years, the research theme of the withdrawal of non-controlling major shareholders and threatening to affect the internal governance environment of enterprises has gradually become an emerging research field. Non-controlled major shareholders exert "exit" pressure on the controlling shareholders of the enterprise to force them to give in to irregular behavior, which will have an impact on the internal governance environment of the enterprise. So can this impact ultimately affect the internal control quality of the enterprise? Therefore, from the perspective of the internal control quality of the enterprise, this paper studies whether the withdrawal threat of non-controlling major shareholders has a governance effect on the internal control quality of the enterprise, and further explores its regulatory effect on the above relationship based on the regulatory effect of analysts. Finally, through theoretical analysis and empirical research, it is found that the withdrawal threat of non-controlling major shareholders can improve the internal control quality of the enterprise; second, analysts are concerned about the relationship between the exit threat of non-controlling major shareholders and the internal control quality of the enterprise.

KEYWORDS

Exit Threat; Internal control quality; Non-Control Major Shareholders; Analysts attention

CITE THIS PAPER

Miao Xiang, Yuhao Zhang, A Study of Non-Controlling Major Shareholder Exit Threats and Corporate Internal Controls—Research on the regulatory effect of analysts attention. Accounting and Corporate Management (2023) Vol. 5: 113-121. DOI: http://dx.doi.org/10.23977/acccm.2023.051218.

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