中文摘要：

公司并购的行为方式是公司控制权所有者决策的结果，以往的研究集中于分散式股权结构中、管理层的特质对公司并购的行为方式的影响；而对集中式股权结构中，大股东拥有控制权的治理结构特征对并购行为方式的影响的研究很少。基于这一独特视角，本研究选取中国上市公司2004～2012年股权收购的样本，研究集中式股权结构中大股东控制权配置对其并购行为方式的影响，研究发现公司控制权配置中的控制人特征、控制强度特征、制衡性特征等对公司的并购行为方式产生了比较明显的影响。

英文摘要：

The M＆amp;A Behavior and mode is the result of decision of the owner of corporate control,the previous studies always focused on decentralized ownership structure,studied the influence of the management on the behavior of the mergers and acquisitions;and little research on concentrated equity structure,in which the major shareholders how to affect the M＆amp;A behavior and mode.Basing on this unique perspective,this study selected sam-ples of equity acquisition of Chinese listed companies in 2004-2012,researched major shareholders in concentrated ownership structure how to affect the M＆A behavior and mode,the study found that controller characteristics , the control strength ,and the balances of control right had a significant effect on the company＇s behavior and mode of acquisition.