Abstract：
This paper uses lobbying to analyze the internal capital allocation of business group, and establishes manager relative lobbying power index (RPI) according to the manager’s service time, the serving time, whether served or serving as the middle duties and whether serving as group board director. Using group-controlled companies’ data in financial crisis to evaluate the manager’s RPI in the group, the paper examines the correlation between the manager’s RPI and the propping of group’s controlling share holder. The result shows that the larger the manager’s RPI, the greater the impact on the group’s controlling shareholder propping. Manager shareholding and components of the manager’s RPI have no significant influence on propping.
2016 
