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| Corporate Social Responsibility, Shareholder Resources and Actual Corporate Control of the Founder |
| XU Jinhua，DAI Yuanyuan，LI Shanmin |
| 1. Guangdong University of Technology， Guangzhou， China；2. Sun Yat-sen University， Guangzhou， China |
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Abstract Using exploratory case study methods, this study takes NVC lighting as the research object and explores the impact of corporate social responsibility on the acquisition and maintenance of corporate control, then the theoretical framework of how corporate social responsibility affects corporate control is constructed and verified. Conclusions indicate the followings:①The “total amount”of shareholder resources is the decisive factor of the ultimate ownership of corporate control; ②The fulfillment of social responsibility can maintain the stability of the founder’s corporate control, and help the founder gain corporate control in the dispute of control rights; ③Social capital plays a “bridge”role in the relationship between social responsibility and corporate control; ④The mechanism of corporate social responsibility’s influence on corporate control is also restricted by institutional factors and the influence of corporate social responsibility on corporate control is different with changes in institutional factors.
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Received: 24 January 2019
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