Managerial Ownership and Firm Value:Empirical Evi-dence Based on the Convergence of Interest Effects and the Entrenchment Effects;

It is found out in the research and proved with true examples that popular managers are inclined to pursue control right through gaining the ownership;and there is an evident negative linear relation between finance risk and managerial tendency to have ownership,and nonlinear relation between managerial ownership & incentive performance.

An Analysis of Dynamic Inconsistence of Lessening Policies of State Shares;

This paper analyzes the reason of the pause of state-owned shares lessening from the point of gaming and social system changing.

Since the second half year of 2000, lessening of state-owned shares has been one of the most concerning problems in China s security markets.

Multiple-way Capital Reduction: A Broadened Perspective for Withdrawal of State Stock;

Reconsideration on the forced stop of the reduction of state-owned shares;

Based on controllable factors inside the company,this paper illuminates the positive effect on new product development of top management support,cross-function goal congruence and each function\'s early involvement which belong to three behavior levels,namely enterprise managing behavior,cross-function cooperative behavior and each function operational behavior respectively.