On the morning of November 29, at the invitation of the school of finance, Professor an Yunbi of Odette School of business, University of Windsor, Canada, gave a lecture entitled the dark side of Strengthening Ideology shareholder voing power: an innovation perspective in the East lecture hall of the school of finance, Jiangxi University of Finance and economics. Some teachers of the school of Finance and graduate students of 2018 and 2019 attended the lecture. This lecture is hosted by Ling Aifan, vice president of the school of finance.

At the beginning of the lecture, Professor an Yunbi said that the report would focus on the issue of why strengthening the voting rights of small shareholders will cause short-sightedness in corporate management, and thus have a negative impact on corporate innovation. He pointed out that since the small shareholders' voting rights can only cause pressure on the large shareholders and the company's management, thus changing the company's decision-making has an indirect impact, so in the research process, measuring the impact of the small shareholders' voting rights is a great challenge. Then, he said that the new rules of shareholders' meeting of listed companies strengthened the protection of the legitimate rights and interests of small and medium-sized investors through online and offline combined voting, and later data showed that the reform significantly increased the participation and voting rights of small stocks.

Later, Professor an Yunbi pointed out that after the reform of voting rules, he strengthened the impact of minority shareholders' voting rights on corporate innovation, the impact on the growth rate of executive pay, the impact on the sensitivity of corporate performance and earnings caused by executive turnover, and further studied the factors that strengthen the negative impact of minority shareholders' voting rights on corporate innovation , respectively from the management and control of strong and weak heterogeneity of companies and types of investment institutions and other aspects of empirical research. He pointed out: first, after the reform of voting rules, the voting rights of minority shareholders have a negative impact on the number of invention patents and utility model patents of the company. Second, after the reform of voting rules, the voting rights of minority shareholders have a positive impact on the short-term growth rate of target earnings in executive incentive plan. For companies with higher voting rights of minority shareholders, the sensitivity of top management turnover to corporate performance is significantly higher. Third, in the negative impact between the voting rights of small shareholders and enterprise innovation, the consolidation of management and the type of investment institutions play an important role in regulating. Among them, the negative impact is particularly obvious for those companies whose managers are not fixed and whose shareholding ratio of pressure resistant institutions is low.

At the end of the lecture, Professor an Yunbi had a positive interaction with the teachers and students present. This lecture gives students a further understanding of the impact of the voting rights of small shareholders on the number of enterprise innovation, and opens up new ways and new thinking for everyone in the academic research direction and research methods.