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Article history: Received: 07 December, 2020 Accepted: 08 March, 2021 Online: 20 March, 2021 Protecting the rights and interests of shareholders is the important research topic. This study takes " Tatung Operation Rights Competition" as an example to execute case study. Game tools are applied to analyze which corporate supervision strategies should be used by government. The research and analysis results show that both the corporate group and the market group are suitable for using mixed strategies to compete for management rights in the operation rights competition case. However, doing something is the best regulatory strategy for government regulators to protect shareholders. In addition, this study suggests that government should assist enterprise with long-term business failures in their industrial upgrading and transformation in peacetime.

Analyze Performance of Enterprise Supervision System by Game Theory-Take the case of Tatung Management Rights Competition as Example