Research On The Economic Consequences Of The Actual Controller’s Divorce

With the continuous development of China’s economy and the continuous deepening of the globalization process,the Chinese people’s values of marriage and love have also undergone great changes compared with the last century,and the divorce rate in my country has gradually increased.Most of them are middle-aged people with successful careers,which coincides with the characteristics of Chinese corporate executives.From the age of 35 to 50,they have become the actual controllers of listed companies,natural person controlling shareholders,and major shareholders.The age of high incidence of divorce.As the manager and controller of a listed company,when the actual controller divorces,it is not only personal family affairs,but also affects the value of the enterprise.Based on this,this thesis starts from the public event of the divorce of the actual controller of a listed company,explores the economic consequences of the actual controller’s divorce,and strives to seek positive effects that the enterprise itself,investors and government regulators can play in controlling the impact.,so as to promote the healthy and harmonious development of the capital market.This thesis selects Mengjie shares as a research case to further track the development of the marriage change of the actual controller of Mengjie shares,and then analyze the economic consequences caused by the marriage change of the actual controller of the company.Aiming at the short-term economic consequences,the event research method is used to establish a window period,and the economic cumulative abnormal return(CAR)after the marriage event is analyzed.Regarding the long-term economic consequences,the research is mainly carried out from the following three aspects.One is to use the principal component analysis method to construct the financial indicator F value to analyze the operation of the enterprise after the marriage change;the other is to calculate and analyze the price-earnings ratio,price-book ratio and earnings per share.,compared with the industry level to discuss the impact on the rights and interests of small and medium shareholders;the third is to construct EVA indicators,and introduce non-marriage companies to analyze the changes in company value caused by the marriage incident of Mengjie shares.From the perspective of short-term economic consequences,the marriage incident caused sharp fluctuations in the market,which eventually led to a sharp drop in stock prices.From the perspective of long-term economic consequences,the marriage incident has adverse consequences for the company’s management decision-making,resulting in the deterioration of the company’s business activities;the marriage incident has caused losses to the rights and interests of small and medium shareholders,affecting the operation and long-term development of the enterprise;the marriage incident has caused the enterprise value.Continued slump,and the follow-up has not been able to turn losses into profits.According to the analysis results of Mengjie’s divorce incident,countermeasures and suggestions are put forward from the three dimensions of the company,investors and regulatory agencies.For listed companies,they should do a good job in risk management to prevent problems before they occur,and through clear equity settings,the substantial changes in the corporate management structure should be minimized.At the same time,reasonably arrange and announce divorce events to reduce the volatility of market reaction to a certain extent.For investors,it is even more necessary to choose whether to sell the company’s stock by objectively examining the divorce matters of the company’s executives and paying attention to the content of the divorce announcement.For long-term investors,they need to pay more attention to the development and evolution of the company’s corporate strategy.For market supervision agencies,it is necessary to pay attention to the actual controller of the company or personal matters that may affect the fluctuation of the stock price of listed companies,and to stipulate and restrict the time,method and scope of information disclosure,and effectively realize the social value of the information disclosure mechanism to ensure the integrity of transactions.Normal and efficient operation.