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<article xsi:noNamespaceSchemaLocation="http://jats.nlm.nih.gov/publishing/1.1/xsd/JATS-journalpublishing1-mathml3.xsd" dtd-version="1.1" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><front><journal-meta><journal-id journal-id-type="publisher-id">PBES</journal-id><journal-title-group><journal-title>Proceedings of Business and Economic Studies</journal-title></journal-title-group><issn>2209-2641</issn><eissn>2209-265X</eissn><publisher><publisher-name>Bio-Byword Scientific Publishing Pty. Ltd.</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26689/pbes.v8i3.11197</article-id><article-categories><subj-group subj-group-type="heading"><subject>Article</subject></subj-group></article-categories><title>Exploration of Control Struggle Issues with JonjeE HI-TECH as an Example</title><url>https://artdesignp.com/journal/PBES/8/3/10.26689/pbes.v8i3.11197</url><author>HuiZimeng,ZhaoKaiwen</author><pub-date pub-type="publication-year"><year>2025</year></pub-date><volume>8</volume><issue>3</issue><history><date date-type="pub"><published-time>2025-07-15</published-time></date></history><abstract>This paper sorts out relevant theories of control struggle, constructs a theoretical model of control struggle from three dimensions of resource dependence, subject relationship, and institutional environment, and deeply explores the causes and strategies of conflicts between shareholders, management, and major shareholders. Taking JonjeE HI-TECH as an example, this paper analyzes the process and causes of its control struggle, and draws a conclusion that enterprises should formulate long-term strategic planning and resource integration ability is the key to capital game, and puts forward suggestions such as capital operation should be aimed at supporting the development of the main business, the stability of corporate governance is the foundation of long-term development of enterprises, and the maintenance of market confidence.</abstract><keywords/></article-meta></front><body/><back><ref-list><ref id="B1" content-type="article"><label>1</label><element-citation publication-type="journal"><p>Liu Y, Jiang N, 2006, Review of Principal–Agent Theory. Academic Circles, 2006(01): 69–78.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B2" content-type="article"><label>2</label><element-citation publication-type="journal"><p>Wei M, Cheng M, Zheng G, 2011, From Ownership Structure to Shareholder Relationship. Accounting Research, 2011(01): 60–67, 96.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B3" content-type="article"><label>3</label><element-citation publication-type="journal"><p>Brown LD, 1983, Managing Conflict at Organizational Interfaces. Addison–Wesley, 1983: 23–25.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B4" content-type="article"><label>4</label><element-citation publication-type="journal"><p>Olson M, 1971, The Logic of Collective Action: Public Goods and the Theory of Groups. Harvard University Press, Massachusetts, USA.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B5" content-type="article"><label>5</label><element-citation publication-type="journal"><p>Rajan RG, Zingales L, 1998, Power in a Theory of the Firm. The Quarterly Journal of Economics, 113(2): 387–432.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B6" content-type="article"><label>6</label><element-citation publication-type="journal"><p>Capron L, Mitchell W, 2013, Build, Borrow, or Buy: Solving the Growth Dilemma. Harvard Business Press, Massachusetts, USA.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B7" content-type="article"><label>7</label><element-citation publication-type="journal"><p>Johnson S, Boone P, Breach A, et al., 2000, Corporate Governance in the Asian Financial Crisis. Journal of Financial Economics, 58(1): 141–186.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B8" content-type="article"><label>8</label><element-citation publication-type="journal"><p>Guan X, Gao C, 2011, Research on the Mechanism of Ultimate Shareholder Expropriation in Chinese Listed Companies: A Comparison Between “Equity Control Chain” and “Social Capital Control Chain”. Nankai Management Review, 14(06): 16–24.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B9" content-type="article"><label>9</label><element-citation publication-type="journal"><p>Xia N, Chen L, 2016, Research on the Balance of Major Shareholders from the Perspective of Conflict: A Case Study Based on the Control Struggle of Shanshui Cement. Accounting Research, 2016(11): 46–52, 96.</p><pub-id pub-id-type="doi"/></element-citation></ref></ref-list></back></article>
