A Case Study Of Asset Specificity Reconstruction In The Transfer Of Power Among Senior Executives Of Shanghai Jahwa Company

This paper,taking Shanghai jahwa executive power alternate event as an example,combine executives departing pattern choice,from the process of power shift reduce asset specificity,founder of the loss and refactoring successor,the Angle of asset specificity,on the basis of the asset specificity and the theoretical framework of enterprise value management theory analysis framework in the handover.This paper makes an in-depth analysis of the impact of asset specificity reconstruction on the value of the company during the power transfer of senior executives,sorts out the evolution of founder's specific assets,and conducts an in-depth study on the transfer mode of enterprise value loss as much as possible.Based on the above theoretical analysis framework,this paper conducts an in-depth study on which mode of power transfer has the least impact on the impairment of enterprise value or can be beneficial to enterprise value through a single case study.It is found that founder's assets are a key resource that an enterprise cannot lack,and the key to successfully taking over an enterprise is the reconstruction of the successor's assets.In order to realize the smooth transition of power and successfully complete the succession,the loss of the founder's leaving asset specificity should be reduced as much as possible and the transformation of the founder's and successor's asset specificity should be realized.After the departure of the founder of Shanghai jahwa,due to the influence of transfer of control and other factors,the overall performance and market performance of Shanghai jahwa declined significantly.The research in this paper has far-reaching implications for how to reduce the loss of the enterprise as much as possible to avoid the sharp decline in enterprise value and reduce the decline in its business performance in the process of the transfer of executive power.