Research On Bankruptcy Reorganization Of QingHai Salt Lake Industy Co.,Ltd.from The Perspective Of Stakeholders

In recent years,as macro economy of China continues to decline and market competition intensifies,many listed companies are unable to settle their debts on time due to poor management,and therefore fall into financial difficulties and even face delisting crisis.Since the introduction of the bankruptcy reorganization system in 2007,more and more listed companies on the verge of bankruptcy but still have operational value have chosen bankruptcy reorganization to get out of their difficulties.However,most of the bankruptcy reorganizations have been completed at the expense of the legitimate rights and interests of some stakeholders to achieve a superficial balance between the interests of all parties in order to get out of trouble.However,the difference in the effect of the reorganization makes the reorganization controversial,so it is especially important to develop a plan to truly achieve stakeholder protection in the reorganization.This thesis takes Salt Lake Co.,Ltd.,a leading potash fertilizer enterprise,as the research object.Through literature research,case study,event research and comparative analysis,this paper studies the reasons for the bankruptcy reorganization of Salt Lake Co.,Ltd.,the reorganization process,the participation demands of stakeholders,the reorganization plan based on the protection of stakeholders and the reorganization effect.In order to explore how successful enterprises in bankruptcy reorganization formulate reorganization plans to protect the interests of stakeholders and evaluate the reorganization effect,it is expected to provide reference for enterprises facing similar difficulties to formulate reorganization plans to protect stakeholders.Firstly,on the basis of combing relevant research,this thesis expounds relevant concepts and theories.Secondly,it explains the basic situation of Salt Lake shares,analyzes the reasons for its bankruptcy reorganization,and summarizes the process of its bankruptcy reorganization.Thirdly,it makes an in-depth analysis of the interest demands of the stakeholders participating in the reorganization of Salt Lake Shares,and analyzes the rationality of the model and strategy in the reorganization plan from the perspective of stakeholder protection.Finally,the subsequent impact on stakeholders is analyzed,and it is found that the bankruptcy reorganization of Salt Lake shares has achieved relative success,but the damage to the interests of vulnerable stakeholders cannot be ignored.In view of the damage to some stakeholders in the bankruptcy reorganization of Salt Lake shares,this thesis puts forward the following suggestions.From the perspective of system construction,we should strengthen the construction of the examination and approval,voting and supervision system of bankruptcy reorganization,and protect the interests of stakeholders from the institutional level;from the perspective of enterprise development,we should do a good job in early warning of bankruptcy risk in advance,strengthen the level of risk management,balance the interests of stakeholders in the process of reorganization,pay special attention to the interests of vulnerable stakeholders,strengthen the level of operation and management after reorganization,and improve the ability of sustainable operation;from the perspective of creditor investment,we should pay attention to the business situation of enterprises,invest prudently,and eliminate the damage to interests from the source.