Research On The Control Contest Of Alibaba

In recent years,the outbreak of corporate control competition is so frequent that cause widespread concern of investors,which relate to many famous enterprises like Gome,South beauty,CDH and Alibaba.For the past,shareholders win the control contest just by investing property resources,but now this mechanism is broken repeatedly,the proportion of capital contribution of the shareholders is not equal to the actual control.The reason is that the resources of shareholders invest to the enterprise not only property resources but also human resources.With the coming of information age and the increasing market competition,the importance of the human resources continue to rise.Under the effect of resource dependence,the access to control rights is not only equity capital,but also pivotal human resources,like human capital and sociology capital.This paper takes Alibaba as an example,researching on the effect of Jack Ma's team key resources in the control contest,like equity capital,human capital and social capital.To explore the role of Jack Ma in a minority stake in the control of the actual control of the principle of Ma found that reversing the disadvantage of control is by strengthening human resources and equity capital in the same way.The study shows that the role of equity capital in the control is fundamental,but not unique,and the shareholders identify and occupy the bargaining chip that can help the human resources of enterprises to deepen the control.Different with the property resources,the value of human resources can not be measured.It rely on a particular individual which is unstable and the role of control right is not clear in the relevant laws and regulations.In this case,the shareholders may break the existing rules of logic to enhance their pivotal human resources in the stability control through through estabilishing the organization system.From the perspective of shareholder resources,this paper studies the issue of enterprise control power competition,which aims to provide reference for entrepreneurs facing the risk of control rights.