Research on the Motivation of Control Rights and the Impact of Social Capital Participation:Control Rights Fighting Case of Homa Appliances
The control rights is the core factor for the corporate governance mechanism and ensuring the maximization of the interests of the stakeholders of all parties.Therefore,the control rights fighting has become the theme of the game between the stakeholders of all parties.In the process of control rights fighting,the social capital operation of the company's major shareholders and the company's founding team plays an important role that cannot be ignored.This case research is based on the perspective of the motivation for control rights and the influence of social capital,taking the control rights contention of Homa Appliances as a research case,based on social capital theory,corporate governance theory,and principal-agent theory.Explore the reason why Homa Appliances is controlled.It analyzes the process of control rights fighting of Homa Appliances and the development trend of the company's value.Focusing on the analysis of the impact of social capital in the process of control rights fighting of Homa Appliances,the research points out that social capital has many b enefits for enterprise development,such as promoting benefit sharing,reducing transaction costs and centralizing control rights.This research puts forward feasible suggestions and enlightenments about how the corporate value develops better in the process of control rights fighting.
control rights fightingsocial capitalshareholding structurecorporate governance
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