| With the development of China’s market economy and the continuous improvement of the capital market,a good market environment provides a solid guarantee for the development of entrepreneurial enterprises.In the process of enterprises’ development,due to the demand for funds,enterprises are introduced to external investors,making the enterprises’ownership structure scattered.The pursuit of investment interests by external investors is inconsistent with the business philosophy of the founding team of the company,and the incidents concerning the transfer of corporate control rights are common.The transfer of control rights has a profound impact on the value and business performance of the enterprise.Therefore,the external Research on the transfer of control rights between investors and the founding team of enterprises,paying attention to the relationship between the transfer of control rights and the performance of enterprises,and proposing effective measures to provide reference for more entrepreneurs with financing needs and improve control Research on related theories.This paper takes the Autohome’s control rights transfer incident as the explored company,and we do case study in this way,literature research method and other methods,at first summarize the theoretical knowledge and literature content of the control rights,then briefly introduces the case involving related companies as Ping An.The process of obtaining the control rights of the Autohome is reviewed,and the reason for the external investors to gain control rights are discussed.Then,we use the comparison method and the financial performance index evaluation method,analyzing the stock market performance and finance performance before and after the transfer of control rights of Autohome.By using comparative analysis of performance to explore the impact of the Autohome control rights transfer event on the value of the enterprise;finally summarize and provide some suggestions for market players who may have control rights transfer behavior.The transfer of control rights is a subject of constant change and development.This paper chooses the Autohome as the research object,and tries to explore the positive influence of the transfer of control rights on the financial performance of the target enterprise from the perspective of external investors,Provide new ideas.I hope that through this case,we will provide reference for the introduction of investment and management in the capital market in China,promote the behavioral norms of relevant market entities,and create a good market environment. |
