股权制衡下的公司治理研究基于阿里巴巴与雅虎的股权之争.docVIP

股权制衡下的公司治理研究——基于阿里巴巴与雅虎的股权之争 Abstract With Chinas rapid economic development and the needs of overseas expansion.The introduction of strategic investors has become a trend, and the equity structure of the changes by the introduction of strategic investors is also the market want to see. Alibaba and Yahoo equity competition case let us have more thinking to strategic investors and large shareholders counterbalance, both factors is is a double-edged sword to corporate governance. Through the whole process of analysis of equity competition between Alibaba and Yahoo, the paper strive to find a way allow strategic investors and equity balances structure can really play positive significance to corporate governance and investor protection This paper use a case study method. The paper is divided into two parts, and the first part is the introductory section, starting from the case background .The first of the cases involving the company and industry background, and then give a detailed description to the case. The second part is case studies section, digging the innovation and the new perspective of the paeper through the literature review.Text would use strategic management theory, manager defense barriers theory, corporate governance theory, game theory and asymmetric information theory to analysis the key points of the entire case.Starting from the reason of equity dispute case,the paper study the changes to the Alibaba Groups corporate governance mechanisms after the introduction of strategic investor.The paper will focus on equity balances structure’s impact to investor protection, to analyze the pros and cons of the various stakeholders in this case,and study why the small and medium investors to become the ultimate victims. Through research we can found that the case without positive changes of the internal corporate governance mechanisms and the protection of good legal system,It’s difficult to fundamentally improv