阿里巴巴的内部人控制研究
发布时间：2019-04-11 07:28
【摘要】：传统的公司治理是新古典静态资源配置观的衍生物,因此传统公司治理主要讨论了企业投入资源的剩余收益如何分配的问题,但是并没有讨论投入资源的剩余收益是如何产生的。资源的价值创造与价值分配是生产过程不可分割的组成部分,仅仅反映剩余收益分配的公司治理是不完善的。拉让尼克和奥苏丽文认为创新是企业价值创造的源泉。创新所具有的不确定性、集体性和累积性要求资源配置于创新的过程时应当具有开发性、组织性和战略性。企业若想建立有利于创新活动的公司治理体系就应当满足相应的组织条件即财务承诺、组织整合和内部人控制这三个条件。本文首先从理论上阐述了企业内部人控制有利于企业的创新,然后运用阿里巴巴的案例解释了内部人控制为什么以及如何有利于企业的创新活动。在阿里巴巴成长的过程中,虽然风险资本的进入稀释了创始人管理团队所持有的股权,但是阿里巴巴的创始人管理团队始终掌握着企业的控制权,即阿里巴巴始终满足内部人控制这一组织条件。本文首先通过研究阿里巴巴的股权结构和投票权结构了解了阿里巴巴为什么始终满足内部人控制这一组织条件,然后对阿里巴巴的财务承诺事件、组织整合事件以及战略决策事件进行研究和分析,找出内部人控制与财务承诺、内部人控制与组织整合以及内部人控制与战略决策之间的关系,从而得出阿里巴巴的内部人控制有利于管理者制定和实施有效的战略决策并且有利于企业创新等结论。阿里巴巴的“合伙人制度”最终合法化了其实质上的内部人控制治理体系。当然,任何治理体系都不是完美无缺的,本文最后指出内部人控制的局限性和适用条件。
[Abstract]:The traditional corporate governance is a derivative of the neo-classical static resource allocation concept. Therefore, the traditional corporate governance mainly discusses how to distribute the residual income of the enterprise input resources. However, there is no discussion of how the remaining income from input resources is generated. The value creation and distribution of resources is an integral part of the production process, and the corporate governance, which only reflects the distribution of surplus income, is not perfect. Rajennick and O'Sullivan believe that innovation is the source of enterprise value creation. The uncertainty, collectivity and accumulation of innovation require that resources should be developed, organized and strategic in the process of innovation. If an enterprise wants to establish a corporate governance system which is conducive to innovation activities, it should satisfy the corresponding organizational conditions, namely, financial commitment, organizational integration and insider control. In this paper, the author firstly expounds that insider control is beneficial to the innovation of enterprises, and then explains why and how insider control is beneficial to the innovation activities of enterprises by using Alibaba's case. In the process of Alibaba's growth, although the entry of venture capital diluted the ownership held by the founder's management team, Alibaba's founder management team always held the control of the enterprise. That is, Alibaba is always satisfied with the internal control of this organizational condition. This paper first studies Alibaba's ownership structure and voting right structure to understand why Alibaba has always satisfied the organizational conditions of insider control, and then to Alibaba's financial commitment event. Organizational integration events and strategic decision-making events are studied and analyzed to find out the relationship between insider control and financial commitment, insider control and organizational integration, as well as insider control and strategic decision-making. Thus it is concluded that Alibaba's insider control is helpful for managers to make and implement effective strategic decisions and is conducive to enterprise innovation and so on. Alibaba's "partner system" finally legalized its internal control and governance system. Of course, any governance system is not perfect. Finally, this paper points out the limitations and applicable conditions of insider control.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F724.6;F715.5
[Abstract]:The traditional corporate governance is a derivative of the neo-classical static resource allocation concept. Therefore, the traditional corporate governance mainly discusses how to distribute the residual income of the enterprise input resources. However, there is no discussion of how the remaining income from input resources is generated. The value creation and distribution of resources is an integral part of the production process, and the corporate governance, which only reflects the distribution of surplus income, is not perfect. Rajennick and O'Sullivan believe that innovation is the source of enterprise value creation. The uncertainty, collectivity and accumulation of innovation require that resources should be developed, organized and strategic in the process of innovation. If an enterprise wants to establish a corporate governance system which is conducive to innovation activities, it should satisfy the corresponding organizational conditions, namely, financial commitment, organizational integration and insider control. In this paper, the author firstly expounds that insider control is beneficial to the innovation of enterprises, and then explains why and how insider control is beneficial to the innovation activities of enterprises by using Alibaba's case. In the process of Alibaba's growth, although the entry of venture capital diluted the ownership held by the founder's management team, Alibaba's founder management team always held the control of the enterprise. That is, Alibaba is always satisfied with the internal control of this organizational condition. This paper first studies Alibaba's ownership structure and voting right structure to understand why Alibaba has always satisfied the organizational conditions of insider control, and then to Alibaba's financial commitment event. Organizational integration events and strategic decision-making events are studied and analyzed to find out the relationship between insider control and financial commitment, insider control and organizational integration, as well as insider control and strategic decision-making. Thus it is concluded that Alibaba's insider control is helpful for managers to make and implement effective strategic decisions and is conducive to enterprise innovation and so on. Alibaba's "partner system" finally legalized its internal control and governance system. Of course, any governance system is not perfect. Finally, this paper points out the limitations and applicable conditions of insider control.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F724.6;F715.5
【参考文献】
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