20 19165438+10/6, Hurun Research Institute released "Top 2019 Hurun Global Unicorn Active Investment Institutions 100", and KKR ranked 29th.
management mode
In the process of pursuing profits, KKR uses corporate governance mechanisms-liabilities, manager's shareholding and board supervision.
The hard constraint of debt can make managers spit out the "idle cash flow" in enterprises, so that they can not use this part of the funds for inefficient projects; KKR makes managers make decisions like owners by holding a large number of shares; At the same time, by strengthening the internal restraint mechanism of the enterprise-the board of directors, KKR, as the representative of shareholders, major shareholders and creditors, shows people how to properly handle the separation of functions between the board of directors and management.
KKR reduces the agency cost caused by the separation of the two rights by strengthening the corporate governance structure. In a sense, KKR's profit comes from the reduction of agency cost. Because of this, KKR, as an economic system and model, shows its unique charm.