The substance of merger and takeover is an exchange of property right, through with which one company could control another company. This is a normal action of enterprises under the system of market competition.
企业并购的实质就是公司为获取对其他公司的控制权而进行的产权交易行为，它是市场竞争机制下的一种正常的企业行为。
参考来源 - 国企并购重组中的主要问题与对策研究·2,447,543篇论文数据，部分数据来源于NoteExpress
Essentially, the allocation of human capital belongs to market exchange of property right of human capital.
人力资本配置本质上是人力资本产权的市场交易行为。
Then it uses the request - proxy theory, the property right and cost of exchange theory, rent-seeking theory to explain the superiority property right.
运用委托——代理理论，产权和交易费用理论，寻租理论论述民营银行的产权优势的成因。
When the property right is under exchange, different action subjects enjoy their right of benefit and gain interests through the right of possession.
在产权交换时，各行为主体享有受益权，并通过占有权获得权利。
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