中文摘要：

本文从掏空的视角对控制权与资金占用的关系进行实证分析，研究发现：私人终极控制的上市公司中资金占用规模显著高于国家终极控制的上市公司；集团控制的上市公司中资金占用规模显著高于非集团控制的上市公司；控股股东持股比例越高，上市公司中资金占用规模越小；其他大股东持股比例越高，上市公司中资金占用规模越小。

英文摘要：

This paper analyzes the relation betw~n control rights and embezzlement of funds. Conclusions can be drawn from empirical research as follows. Embezzlement of funds in private - ultimately - controlling listed companies is significantly bigger than that in state - ultimately - controlling ones. Embezzlement of funds in group - controlling listed companies is significantly bigger than that in non - group - controlling ones. Controlling shareholders＇ shares are significantly negative - related to embezzlement of listed companies＇ funds. Other big shareholders＇ shares are significantly nega- tive - related to embezzlement of listed companies＇ funds.