Research On The Impact Of The Scramble Of Shanshui Cement Control On Business Performance

Under the background of the rapid development of the national economy,many private enterprises have grasped market opportunities quickly and have established and grown.However,companies often face internal financing that cannot meet the capital requirements of expanding scale.Entrepreneurs often choose to increase capital,expand stocks,initial public offerings and other ways to seek external financing from the capital market to support the rapid development of the company.After the company completed each external financing activity,the company's shareholding structure gradually changed,and the main body that mastered the corporate control rights continuously changed,from the “big dominance” in the initial stage to the mutual checks and balances between major shareholders,and equity.The structure is increasingly diversified and decentralized,and control rights no longer belong to a major shareholder.This not only stimulated the vitality of China's control market,but also triggered a wave of control over competition.A series of disputes over control rights have come one after another.Research on the issue of control rights has also received increasing attention from the theoretical and practical circles.In this paper,Shandong Shanshui Cement Group Co.,Ltd.competes for the case of control as a research object,through a detailed review of the control over the contention for the event and combined with thetheoretical basis analysis,to excavate the deep-seated reasons for the control rights of landscape cement;and from the macro factors and The micro-factors and the two perspectives emphasize that the competition for control rights of landscape cement has a strong negative effect on business performance.Equity competition not only has a series of serious negative impacts on the company's financial performance but also on non-financial performance.From the case study of control disputes in the Shanshui Cement,we can see that the conflict of interest appeals among shareholders is the fundamental reason for the company's control rights to compete.The fierce equity competition among major shareholders has caused great negative effects on the operating performance and future development of Shanshui Cement.influences.Therefore,this paper proposes some suggestions for improving the specific problems in the fight for control rights.It hopes to provide a reference for private enterprises competing for control rights in the capital market and minimizes the negative impact caused by the competition for equity.Do not repeat the same mistakes.