Research On The Influence Of Banner Acquisition Of Control Right On Financial Performance Of The Acquired Company

With the rapid development of the world economy in recent years,China’s economic situation has also undergone tremendous changes,and some enterprises have developed rapidly under the impetus of the economy.In addition,insurance companies,as institutional investors,have continuously raised their licenses to physical enterprises,which has also attracted market attention.Beginning in 2015,the stocks of entities with insurance funds holding licenses are commonplace.Such actions have caused a huge impact on the companies on both sides,and in particular have brought some serious negative effects to the entities that have been licensed.Through the collection,collation and analysis of the existing literature,this paper studies the influence of the acquisition of control rights on the licensee on the financial performance and company development of the licensee,and provides specific research examples to enrich and develop Relevant research on corporate governance theory provides policy references for the stabilization and development of China’s capital market.This article first explains the research background,research significance,research content,and research methods.Second,it summarizes relevant literature to conduct institutional investors’ listing behaviors,listed company control change and control transfer,and financial performance.The literature is introduced and summarized,and then the relevant theories are summarized,including the licensing mechanism,the transfer of control rights,the stakeholder theory,the principal-agent theory,the control rights theory,again,using the case study method,Life Insurance is selected The case of B.A.compares and analyzes the financial indicators,corporate governance,and corporate culture of the listed company before and after it is licensed,and discusses the impact of the insurance institution that obtained the control of the license on the listed company.Finally,The case was analyzed in depth.As a result of the bidding behavior caused by the original company’s shareholding dispersion and insufficient corporate governance,Life took the opportunity to successfully seize control of CSG A.In this regard,this article puts forward some suggestions for the company to be promoted: optimize its shareholding structure,although a too decentralized shareholding structure will not cause a monopoly phenomenon,it will also give other companies in the market opportunities;establish an effective Corporate governance mechanisms,enhanced communication between shareholders to reduce information asymmetries,etc.