The Analysis Of Influence Of Social Capital To Corporate Control Right Competition

With the rapid development of economy in our country, private enterprise has become a very important part of national economy, and provides a large amount of taxes and jobs for the state and society. At the same time, a lot of outstanding private enterprise has become China’s fist power companies in participating in international competition in its industry. Considering the time, the development of private enterprises in our country is not very long, and in its growing course, private enterprises made its own characteristic in the particular social environment in the past and current, which is different from the characteristics of state-owned enterprises and foreign enterprises. In a large number of private enterprises, private listed firms will certainly be one part of the best of them and the typical representative.In its development history from scratch and from small to large, private listed firms gradually had a relative holding the controlling shareholder, while its control of the controlling shareholder is in a state of instability. Based on the statistical data, this paper proves the point of view, and on this basis, using the social capital theory in sociology, with the rational economic man hypothesis in economics, the principle of benefit maximization and the control earnings theory of the listed firms as the theoretical basis, analyzes and expounds the influence of the social capital in private listed firms to the process of that relative holding controlling shareholder consolidates the right, and the process of the control right competition between major shareholders, including the social network, operation standards, behavior patterns and so on, around the control of private listed firms. Then, with the scramble for control right in NVC Lighting as a case study, which was a hot-news in finance in economics, the paper vividly shows how as the social capital, the stakeholders affect the stability and change of control right in private listed firms, making use of their special role. And, contained in the process, the building of social capital and the mutual-benefit in social network will be reflected in the case. Finally, on the basis of the previous chapter, the paper will summarize the source and reason of that the social capital in private listed firms affect the stability and Scramble game of control right, and makes the corresponding conclusions and recommendations.About arrangement of the content, the paper pays attention to the order on logical reasoning, and then starts with characteristics of private listed company’s equity as a starting point, and gradually extends to the control of relevant content.The first part, including the first chapter of introduction and the second chapter of literature review, mainly contains the background of the issue and literature review about the research direction.The second part, including the study of the theory of the third chapter, the fourth chapter case introduction and case analysis of the fifth chapter, as the main body part of this paper, this part will make a detailed and rigorous research about the problems proposed.The third part is chapter6th, which is the conclusions and enlightenment of the full text.The study of this article is based on the actual data, the theoretical assumptions and the logic deduction, and combines the classic case of NVC Lighting. Although has made a reasonable research to the issues raised, but not yet for the corresponding large sample empirical research, so it also offers the potential for subsequent research.