Research On Corporate Governance Of Southeast Asian Corporations

The academic community generally believes that China's control market took shape in 1993.By 2006,it was really activated due to the reform of split share structure.However,due to the lack of laws and regulations,the supervision is not timely,and the competition methods often involve illegal operations,and the market for control rights has been arguing.Since 2015,the domestic A-share market has continued to slump,which has greatly reduced the acquisition cost of foreign capital,incidents of control rights have followed,and related research on control rights issues has attracted more and more scholars' attention.This article selects Kangdal Group's control contention event as a case study.It uses the event research method and case study method to review the entire contention process and combines related theories to analyze the underlying reasons for Kangdal's control contention:Kangdal's The issue of high-quality resources,relatively dispersed shareholding,and internal governance has triggered Jingji Group's alternative intentions.Secondly,the relationship between Kangdal's operating performance and the control contest was studied with the help of EVA measurement algorithm and event research method.Use the horizontal and vertical analysis of financial indicators to explore the hidden reasons behind the change trend of each capability indicator todetermine the specific impact of Kangdal's control of its financial position.Finally,it analyzes the impact of Kangdal's competition for control on the company's non-financial indicators.From the above research,we know that the competition for Kangdal's control has had a large negative impact on its operating performance.The paper hopes to use this case to provide a reference for both parties in the control market in China to prevent companies from falling into the muddle of control competition,which will make long-term development and management fail,and minimize the negative impact as much as possible.At the same time,it puts forward feasibility suggestions for the control of the target company in the market and the improvement of the control market: the maintainer of the control should reasonably set up preventive strategies to improve the company's equity structure,and the market supervisor should improve the relevant regulations on information disclosure and update Relevant legal systems.