联系我们

论文查询结果	返回搜索

论文编号：	8421
作者编号：	2120142454
上传时间：	2016/6/11 22:20:26
中文题目：	基于制度创新理论的合伙人制度分析——以阿里巴巴、万科为例
英文题目：	A Case Study of Alibaba Partnership and Vanke Partnership Based on Institution Innovation Theory
指导老师：	李亚
中文关键字：	合伙人；制度创新；控制权；价值创造；案例研究
英文关键字：	Partner; Institution Innovation; Control Rights; Value Creation; Case Study
中文摘要：	随着人力资本与货币资本的引入，企业内部出现了创始股东、职业经理人、其他股东等利益相关者，内部关系变得复杂。为了使企业内部重要人员回到创业初始时的心态，保持股东与经营者利益一致，一大批公司制企业进行了合伙人制度创新。本研究正是在此背景下，基于制度创新理论，以阿里巴巴、万科为例，对合伙人制度进行分析。 本研究采用了文献研究和案例研究相结合的研究方法。在阅读合伙人制度案例和相关理论资料的基础上，设计初步研究模型；然后基于制度创新理论，运用历史分析法与内容分析法进行案例分析；再通过事实来修正研究模型，得出如下结论： 第一，在合伙人制度创新过程中，创新者与制度环境影响制度安排。首先，创新者的动机（包括价值观、理想、物质利益和权力）和能力（包括创新者的地位、可运用的资源以及他人支持）影响制度安排。其次，制度环境主要是法律环境影响制度安排：在制度安排确定的情况下企业可以选择适合的法律环境，在法律环境确定的情况下，企业可以在制度安排上进行相应的调整。 第二，合伙人制度有利于企业控制权合理配置。在权力方面，合伙人制度使得合伙人的控制权更有保障；实现了合伙人的外部集权和内部分权；在利益方面，合伙人制度协调了股东与经营者的利益分配，加强了对经营者的激励，使得其内在利益与股东保持一致；在本质上，剩余控制权仍属于股东。 第三，合伙人制度有利于企业价值创造。一方面，合伙人制度有利于企业获取价值增量，而增量通过资本市场上的合伙人制度溢价表现出来；另一方面合伙人制度有利于企业产生新元素。 本研究的创新之处在于：将制度创新引入组织内部的制度层面，缩小了制度创新的范围，使得理论充分联系实际；构建了合伙人制度创新模型，打开了合伙人制度创新“黑箱”，具有一定参考价值；引入创始人和职业经理人概念对合伙人进行定义，为未来的创始人专业化、职业经理人企业家化提供思路。
英文摘要：	With human resources becoming more and more important, the company internal relationship has become more and more complicated. In order to make the core team recover initial passion and align their interest with the shareholder’ s, a large number of corporative enterprises have carry out the institution innovation of the Partnership. At the same time, this study try to analyze Alibaba Partnership and Vanke Partnership based on Institution Innovation Theory. This study adopts two methods, including literature research and case study. Firstly, this study designs a preliminary model based on the Partnership information and academic information; then analyzes Alibaba Partnership and Vanke Partnership, using historical analysis and content analysis, based on Institution Innovation Theory. Finally, this study fixes the model, then draws the following conclusion: Firstly, the innovators and institutional environment affect institutional arrangements in the process of the Institution Innovation of the Partnership. First of all, the innovators’ motivation (including values, ideals, material interests and power) and the innovators’ ability (including the status, the resources and others’ support) affect institutional arrangements. Secondly, legal environment affects the institutional arrangements. When the institutional arrangements have been determined, the enterprise can choose suitable legal environment. And when legal environment has been determined, the enterprises can adjustment the institutional arrangements. Secondly, the Partnership is conducive to the rational allocation of corporate control rights. In the distribution of power, the Partnership guarantees partner’s power and creates the external centralization of power and internal decentralization of power. In the distribution of profit, the Partnership coordinates distribution of the profit of shareholders and managers and strengthens the incentives for managers, making them loyal to shareholders. In essence, the shareholders still enjoy the right of final control. Thirdly, the Partnership is advantage to the enterprise value creation. On the one hand, the Partnership is conducive to get the incremental value that manifested as a premium in the capital markets; on the other hand, the Partnership helps enterprises to generate new elements. Building upon the earlier research conclusions, this study analyzes the corporate internal Institution Innovation, designs the model of the Institution Innovation of the Partnership, and provides new ideas about the specialization of founder and the entrepreneurialization of professional managers.
查看全文：	预览  下载(下载需要进行登录)