| In recent years,more and more Chinese companies have gone public in the us,one of the important reasons was that only foreign companies were allowed to use dual-class share structures to list.For years,"one share and one right" has been the default standard for the entire Chinese market,and the dual-class structure runs counter to the "one share and one right" principle that China has followed for years,which forces companies to move abroad.Lakeside Partners is a special system derived from the dual-class equity structure,but it is essentially the same as the dual-class equity structure,which allows the founder team to have the control of the company with minority equity,so it can be said to be a special dual-class equity structure.The research in this paper is based on the case of company A which first proposed and used Lakeside Partners.Based on the existing theoretical research,this paper adopts A variety of methods such as case analysis to discuss the impact of Lakeside Partners on enterprise performance.This paper first introduces the company in the case and Lakeside Partners used,so that readers can have A certain understanding of the case studied in this paper,and then mainly analyzes the motivation of A company to implement Lakeside Partners,the way that Lakeside Partners affects the performance of A company and the impact on the performance.In the analysis of performance impact,changes in both financial performance and non-financial performance are used to prove the influence approach mentioned above.In the financial performance analysis,the author firstly analyzes the changes of financial indicators after the adoption of Lakeside Partners,and then strengthens the persuasion by comparing the data of the listing of different shareholding structures before and after the adoption of Lakeside Partners.Finally,according to the results obtained,this paper analyzes the risks that A company may face under Lakeside Partners,and puts forward some Suggestions for these risks.This paper draws two conclusions: the Lakeside Partners has a positive impact on corporate performance;It is a strategic choice for Company A to implement the Lakeside Partners.This article through to A company listed in the U.S.on the partner system case analysis,in-depth analysis research partner system influence on enterprise performance,analysis of the effects of dual ownership structure on corporate performance and impact as A result,for our country to introduce dual share structure or adopt dual share structure to provide reference for Chinese companies. |