金融资本接管实业资本控制权的动因及影响因素研究以上海家化为例.pdfVIP

-114 一 中国科技论坛 (2016 年6 月)第6 期 金融资本接管实业资本控制权的动因 及影响因素研究:以上海家化为例 余吉安1 ， 2 ，樊舒雅1 赵红燕1 (1.北京林业大学经济管理学院，北京 10∞83; 2. 清华大学经济管理学院，北京 1 ∞084) 摘 要:上海家化集团作为国企改革的标志和国内日化行业中少有的能与跨国公司开展全方位竞争的本 土企业，被平安信托全面接盘后，却由于与以葛文耀为代表的企业元老在企业经营和内部管理上有重大 分歧，而产生控制权争夺。作为金融资本的平安信托一般不会参与战略投资对象的经营管理，但在战略 投资作为实业资本的家化后却接管了家化，显示出不同的经营目的。本文从乎安信托接营的动因及影响 因素角度，来分析平安信托与以蔷文耀为代表的企业元老控制权争夺的过程。 关键词:控制权争夺;金融资本;实业资本;接管 中图分类号:四70. 7 文献标识码:A Motivation and l nf1uential Factors of Financial Capital Taking Over Controlling Right of the Industrial Capital: Evidence from Shanghai Jahwa YU Jian口， Fan Shuya1 , Zhao Hongyan 1 (1. School of Economics and Management , Beijing Fore由y University , Beijing 1α)()83 China; 2. School of Economics and Management , Tsinghua University , Beijing 1α旧制， China) Abstract: Mter Shanghai Jahwa Group , which is a symhol of 出e reform pf state-owned enterprises and one of the few local enterprises that can compete comprehensively with multinational companies in the domestic daily chemical industry , was taken over by PingAn Trust Co. , L时， fighting for controlling right happened between PingAn Trust and Mr. GE Wenyao representing corporate patriarch be四 cause of differences and contradictions in enterprise operation and intemal management. As financial capi时， PingAn Trust tended not to paÍticipate in management of the strategic invested objects , but it took over 由e company after strátegically investing Shanghai Jah- wa 咀e process of fighting for controlling right between PingAn Trust and Mr. GE Wenyao will be analyzed by studying motivation and influential fac