论文部分内容阅读
万科股权之争始于2015年7月,宝能集团旗下钜盛华公司及前海人寿在证券市场上大举购入万科股票。在过去的一年里,万科经历了股权拉锯战、停牌、复牌,但截止目前与“宝能系”之间的战争却仍然没有停止。王石作为万科董事长和掌舵者,以“宝能系”信用不合格为由拒绝其成为万科第一大股东,而宝能系作为万科目前的最大持股人,又提出了罢免王石及其团队的诉求。实际上这一事件就是企业的持股人与管理人之间的博弈。基于上述背景,本文将对万科股权之争进行剖析,并对现代企业的股权制度与代理理论进行思考和探索。
Vanke Equity dispute began in July 2015, Baoneng Group’s Jushenghua Company and Qianhai Life in the stock market large purchases of Vanke shares. In the past year, Vanke has experienced the tug of war equity stake, suspension, resumption of trading, but so far the war with the “Bowen Department” has still not stopped. Wang Shi, chairman and chief executive of Vanke, refused to become the largest shareholder of Vanke on the grounds that his credit rating was not satisfied. However, as the largest shareholder of Vanke at present, Wang Shi proposed to recall Wang Shih The demands of their team. In fact, this event is the game between corporate shareholders and managers. Based on the above background, this article will analyze the dispute over ownership of Vanke and think and explore the equity system and agency theory of modern enterprises.