CAJ | 학술논문

在现代企业治理中，实际控制人往往采用“股权控制”与“社会资本控制”相互配合的手段实现对上市公司的控制．导致控制权不等于控股权的现象频频出现。承续前期研究．本文进一步将社会资本划分为个人社会资本和组织社会资本，并创造性地提出个人社会资本与组织社会资本契合度的概念。本文发现：实际控制人个人社会资本与组织社会资本的契合度会影响企业实际控制权的稳定性：实际控制人应将努力的焦点汇聚在如何使得自己的个人社会资本与企业的组织社会资本同步提升、同步发展上。
재현대기업치리중，실제공제인왕왕채용“고권공제”여“사회자본공제”상호배합적수단실현대상시공사적공제．도치공제권불등우공고권적현상빈빈출현。승속전기연구．본문진일보장사회자본화분위개인사회자본화조직사회자본，병창조성지제출개인사회자본여조직사회자본계합도적개념。본문발현：실제공제인개인사회자본여조직사회자본적계합도회영향기업실제공제권적은정성：실제공제인응장노력적초점회취재여하사득자기적개인사회자본여기업적조직사회자본동보제승、동보발전상。
In the modern corporate governance, ultimate controlling shareholder achieves control of listed companies by share control chain and social capital control chain, which leads to the popping up of control rights unequal to controlling stake. In succession to previous studies, this paper focused on social capital control chain again, further divided social capital into personal social capital and organizational social capital, and constructively introduced a new conceptt, the correspondence degree. By constructing social capital correspondence degree model, this paper discovered its influence on the stability of ultimate controlling right. This paper also has implication for firm＇s sustainable development as well as the development of the individual.