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题名How shareholder resources impact on the allocation of control power: example of China Vanke
作者
发表日期2021
发表期刊Chinese Management Studies
ISSN/eISSN1750-614X
卷号16期号:2页码:293-314
摘要

Purpose: This paper aims to explore the influence of founder shareholders' resources on the allocation of control rights from the perspective of incomplete contract theory and resource-based theory. Design/methodology/approach: This paper analyzes newspaper materials with NVivo11on a case of battle for corporate control in Chinese top-listed company-Vanke Group. Findings: The research shows that human capital is the key resource and the holding proportion of financial resources directly affects the allocation of control rights. At the same time, social capital is unstable and easily broken. At last, institutional environment also affects the degree between the relationship of founder shareholders' resources and the allocation of control rights. The influence of founder-shareholder resources on the allocation of control rights follows the path of "crisis – founder-shareholder's resources – founder's ability - allocation of control rights." Research limitations/implications: This study only selects the financial capital, human capital and social capital of Shi Wang, the founder of Vanke, as the analysis object. The study can expand the types of founder shareholder resources to verify and enrich the conclusions. Originality/value: The current theoretical research in the literature focuses on the necessity of equity and shareholder's resources versus the control rights. Some key factors and mechanism on the relationship have not been fully clarified. The results of this paper not only extend the combination research of social network and corporate governance, but also provide enterprise founders with references for making reasonable decisions during control battle. © 2021, Emerald Publishing Limited.

关键词Allocation of control rights Corporate governance Founder Shareholder resources Social networks Vanke
DOI10.1108/CMS-07-2020-0295
URL查看来源
收录类别SSCI
语种英语English
WOS研究方向Business & Economics
WOS类目Management
WOS记录号WOS:000655209100001
Scopus入藏号2-s2.0-85106314672
引用统计
被引频次:2[WOS]   [WOS记录]     [WOS相关记录]
文献类型期刊论文
条目标识符https://repository.uic.edu.cn/handle/39GCC9TT/3342
专题个人在本单位外知识产出
作者单位
1.Tianjin Foreign Studies University, Tianjin, China
2.Nankai University, Tianjin, China
3.University of New Haven, West Haven, United States
推荐引用方式
GB/T 7714
Gao, Li,Song, Jinnan,Liang, Jiajuanet al. How shareholder resources impact on the allocation of control power: example of China Vanke[J]. Chinese Management Studies, 2021, 16(2): 293-314.
APA Gao, Li, Song, Jinnan, Liang, Jiajuan, & Guo, Jianxiao. (2021). How shareholder resources impact on the allocation of control power: example of China Vanke. Chinese Management Studies, 16(2), 293-314.
MLA Gao, Li,et al."How shareholder resources impact on the allocation of control power: example of China Vanke". Chinese Management Studies 16.2(2021): 293-314.
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