Research on Modern Corporate Control

Author: Xiong Daowei
Publisher:
Publish Date: 2004-03-01
Features: This book first provides a general discussion from both theoretical and historical evolutionary perspectives on the connotation of corporate control rights, the flow of corporate control rights, the allocation of corporate control rights, the organizational forms of corporate control rights, and the relationship between corporate control rights and corporate performance. It also analyzes the historical evolution of the allocation of corporate control rights. On this basis, it examines the theoretical foundations of the separation of ownership and corporate control in modern enterprises and provides some analysis and summaries of the allocation of corporate control rights within the framework of neoclassical economics. Additionally, it reflects on and questions the "shareholder supremacy" logic based on neoclassical economic analysis, revealing new trends in the allocation of corporate control rights in modern corporate practices: the boundaries of corporate control rights have exceeded the boundaries of ownership, expanded, and shareholder control does not effectively promote corporate development or improve corporate performance, nor does it lead to effective resource allocation.