Research On The Impact Of CSG A Control Rights Competition On Performance

The vigorous development of our country’s capital market has made the government’s resource allocation function increasingly manifest,which has also led to the competition for the control of listed companies gradually entering the public eye.The reason why capital is keen on control is because it can obtain excess returns from it.Compared with waiting for the company to be approved for listing according to the normal approval process,it is obviously easier to find listed companies that can control the capital market,and those with outstanding performance can be obtained from it.Earnings,poor performance can also obtain "shell resources","backdoor listing" or other further operations.Therefore,the frequency of competition for control of listed companies is increasing.The above-mentioned incidents generally involve measures such as the reduction of major shareholders’ holdings,the acquisition of placards,and the issuance of shares.The above-mentioned measures can easily lead to changes in the company’s equity structure,which in turn affects the company’s daily operation and management.Once it cannot be properly disposed of,it will not only affect the daily operations of the company,but also cause economic losses to other stakeholders.Whether it is an enterprise’s management structure,development strategy or business performance,control is a key factor.Therefore,in order to find out how and what impact the competition for control has on the governance structure and daily operations of listed companies,it is necessary to analyze the relationship and path of action between the competition for control and business performance.This article takes CSG A as an example to analyze the influence of the competition for control right on enterprise performance.Firstly,the relevant research conclusions are sorted and summarized,and then the relevant definitions of control rights and the theories used in the analysis of this article are expounded,and then expounds the definition of control rights and the theory used in the analysis of this paper,and the influence paths of control rights contention are summarized according to relevant research results and theories.Then it further expounds and analyzes the CSG A control competition event and its origin,and further analyzes the impact of the event on CSG A’s market performance and operating performance,and then finds out the control rights contention event.A possible influencing factors of business performance.Finally,the case analysis is summarized,and some inspirations are drawn from it: Listed companies should maintain an appropriate equity concentration to avoid becoming the target of being competed for control;A subsequent fight for control can also reduce the negative impact on business performance in such an event.