| As a basic issue in the field of corporate governance,shareholder relationship is of great significance to the long-term development of an enterprise and the stability of the capital market.From a long-term perspective,my country’s small and medium-sized shareholders prefer to participate in the governance of listed companies in a "free-rider" way,and they are unable to supervise the opportunistic behavior of the management and controlling shareholders of listed companies.Encroachment occurs frequently.However,it is precisely because of its weak position in the situation that small and medium shareholders once again aggravate their negative attitudes and behaviors,and thus fall into a vicious circle of "being occupied and not active".The current situation has greatly discouraged the enthusiasm of small and medium investors to participate in investment activities,and even gave birth to negative investment behaviors.However,the passive investment behavior of small and medium shareholders may hinder the development of the capital market,which is not conducive to the growth of the national economy and the prosperity of the capital market.Therefore,the protection of the rights and interests of small and medium investors has become the focus of discussion in all walks of life in my country.This article takes Qianyuan Electric Power as a research sample to reveal how small and medium shareholders use digital technology to participate in corporate governance and decision-making of major issues when there are differences in the interests of minority shareholders and controlling shareholders.And around the emerging perspective of digital technology,it analyzes the mechanism of how to improve the enthusiasm of small and medium shareholders in corporate governance.The research shows that the effective application of digital technology,by acting on the cost of participating in governance and information acquisition cost of small and medium shareholders,greatly enhances the enthusiasm of small and medium shareholders to participate in corporate governance,and also confirms the positive behavior characteristics of small and medium shareholders of Qianyuan Electric Power,a case company in this paper..It also means that the popularization of digital technology is of great significance to optimizing my country’s corporate governance model,protecting the legitimate rights and interests of small and medium investors,and maintaining the stability of the capital market. |
