Analysis Of The Reasons For The Competition For Control And Economic Consequences

In recent years,there are lots of listed company control of the event,a thorough research on starts to study a thorough research.with modern separation of ownership and control of the company,the two kinds of principal-agent problems.The first kind of principal-agent problems mainly exists between the principal and agent,refers to the agency problem between shareholders and senior executives of listed companies,the typical listed companies,Guomei electrical appliances.The second agency problem refers to the agency problem between large shareholders and small shareholders,big shareholders encroach on minority shareholder rights violations,the Wuliangye company representative company.In addition,in recent years,some scholars in our country has also begun to further study of social capital in control for the role,the study found that the role of social capital more embodied in the first kind of agency problem.In real life,the listed company of our country's current control for the event,mainly occurred within the company between large shareholders,and the study of these events is less,the current study of control of listed companies for the concentrated between large shareholders and small shareholders and the shareholders of a company with the agency relationship between company management and the conflict of interest.Dongfang yinxing conflicts of shareholders is the corporate governance of private enterprises in China with typical cases,by studying the Dongfang yinxing can improve the corporate governance theory,effective control and reducing conflict,improve corporate governance efficiency,toprovide material for the protection of Stockholders' rights and interests in China,and provide reference for the industry.The article adopts the method of case study,analysis of the case company,combining the theory of corporate governance,control of the private income theory and stakeholder theory,selection of control for the event as a case study of dongfang yinxing object,analyses the reason of outbreak control for Dongfang yinxing and consequences.Through research we found that the basic cause of the big shareholder control inside the company's strategic positioning is different,at the same time,the limits of the IPO system,the absence of a shareholder's voice,and the private gains of controlling shareholder control are also the cause of the outbreak,The competition of corporate control can cause damage to the interests of all shareholders,the market investors to improve corporate governance measures will give a positive response,but the race for control in the short term negative influence on the company's operations,affect the company's management level.