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作为人类的想象共同体之一的企业,在短短不到二百年间,发轫、兴起、鼎盛、乃至没落,以资本的自愿聚集1与有限责任、以公司法人的新设主体,累积起了巨大的能量,并通过市场的价格机制驱动、内部治理的磨砺,逐步创建客户、员工、股东以及其他利益相关方的多赢局面。在这一骑自行车式的动态演进过程中,作为剩余求偿权排序最后的股东,其权益的趋势将会怎样?换言之,5-10年后的股东,会起到怎样的作用,并取得与其作用相匹配的收益。
As one of the human imagination communities, in less than two hundred years the enterprises, which developed and flourished and flourished and even declined, gathered themselves together with the limited liability and the voluntary accumulation of capital, Huge energy, driven by the price mechanism of the market and the internal governance, and gradually created a win-win situation for customers, employees, shareholders and other stakeholders. In this cyclical dynamic evolution, what is the trend of their rights and interests as the last shareholder to rank the residual claims? In other words, what would be the role of shareholders after 5 to 10 years, Match the benefits of the role.