The Influence Of Wantong Real Estate's Control Rights Competition On Company's Performance

At present,China's capital market is shifting from the stage of excessive concentration of equity to the stage of relative dispersion of equity.During this period,there are more and more control rights contests.In the specific case study of corporate control rights contests,the previous domestic researchers rarely choose two or more control rights contests to analyze,which has certain limitations.This paper selects Wantong real estate company,which has two control rights contests,to analyze the impact of the two control rights contests on the company's performance by systematically combing the process of the two control rights contests,and carefully study the reasons for the different impact of the two control rights contests on the company's performance,hoping to help improve the relevant case data of the control rights contests and provide analysis of the control rights Competing for a new point of thinking about the impact on company performance.This article first introduces the relevant concepts and theories of domestic and foreign scholars on control rights competition;secondly,it systematically sorts out the process of Wantong Real Estate's two control rights competitions in chronological order;then it uses the cumulative abnormal rate of return method and the purchase and holding of abnormal returns Rate method to analyze the impact of control right competition on Wantong real estate market performance,using financial data and financial indicators to analyze the impact of control right competition on Wantong real estate financial performance,and give an analysis of the reasons affecting company performance;To draw conclusions and revelations,Wantong Real Estate's two control competitions have respectively had positive and negative impacts on company performance,and hope that the Chinese government will accelerate the registration system and promote the further development of the capital market.At the same time,hope that Chinese companies can pay attention to core business To promote the company's long-term development.