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Researches on the Innovation of Governance Mode of China’s Family Enterprises

Author: WuChunPing
Tutor: GaoChangChun
School: Donghua University
Course: Industrial Economics
Keywords: Family business Governance model Familial Governance Contractual Governance Relational governance
CLC: F276.5
Type: Master's thesis
Year: 2007
Downloads: 260
Quote: 2
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Abstract


Implementation of paternalistic management models of family business in the early days , corporate ownership and management -one , family members of both producers and managers . This management mode is cohesive through blood or kinship to achieve enterprise management , the cohesive features enable enterprises to form strong internal Heli , the performance of mutual trust and cooperation between the family members , family members in the enterprise the start-up of difficult conditions worked tirelessly devoted myself to go to work . , Family management mode conducive to the management of the enterprise in the early days there , save manpower , reduce costs . However, due to family management, enterprise's own size and growth , along with changes in the external environment , the risks faced by the enterprise management and uncertainty increases , the ills of family management mode has become increasingly evident , enterprises encounter in the development \Therefore, the reform of family business governance model is the general trend . This study is the use of system analysis and normative analysis , comparative analysis , and data analysis methods , through a comparative study of the three global representative model of corporate governance , as well as a description of the status quo of China 's family business , combined with the corporate governance structure of the theory and practice on the basis of in -depth analysis of family business governance model causes special efficiency and anomie at , and then found through empirical analysis of the sample survey of Chinese family businesses , family business governance mode choice will directly affect the level of performance for the achieved good economic performance , companies should adopt a strong relationship and strong contractual governance \Finally, in our family business governance model based on innovative ways , including to build multi monitor the main mode of governance , compensation incentives to optimize the operators , and innovative corporate culture and improve the external governance environment .

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CLC: > Economic > Economic planning and management > Enterprise economy > A variety of enterprise and economic > The private sector
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