关于物流企业股权结构更新研究--以京东物流为例

Research on the Renewal of Ownership Structure of Logistics Industry--Taking Jingdong Logistics as an Example

企业的发展会受到企业治理模式的影响,而企业的治理模式主要由企业的股权结构所决定,这就导致企业选择何种股权结构往往会决定企业的发展趋势。伴随着国内资本市场的活跃,企业对于股权结构的需求也有所更新,不少行业为谋求发展都进行股权结构的更新—实施双重股权结构,其中京东则率先赴美上市。伴随着京东业务规模的扩大,京东物流子公司成立,相对于同股同权结构,双重股权结构有利于持续创始人的发展理念、有利于解决融资问题并助力企业长远发展。文章主要以京东物流企业为视角,分析研究股权结构更新的优势和风险,给其他物流企业股权结构更新提供相应的经验启示。

What kind of corporate governance pattern will be affected by the development trend of corporate governance.Along with the active domestic capital market,the demand of enterprises for the ownership structure has also been updated.Many industries have carried out the renewal of equity structure-the implementation of dual ownership structure in order to seek development,of which Jingdong is the first to go to the United States for listing.With the expansion of Jingdong business scale,Jingdong logistics subsidiary was established.Compared with the structure of the same share and the same ownership,the dual equity structure is conducive to the sustainable development concept of the founder,to solve the financing problems and to help the long-term development of the enterprise.From the perspective of Jingdong logistics enterprises,this paper analyzes the advantages and risks of equity structure renewal,and provides corresponding experience enlightenment for other logistics enterprises.