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The Evoution of Governance Strutucture of Private Enterprise in Zhejiang and Ins Cause

Author: LianHongYan
Tutor: ZhangZongHe
School: Zhejiang Technology and Business University
Course: Industrial Economics
Keywords: Private enterprise Governance structure evolution Entrepreneurs psychological costs Entrepreneur
CLC: F276.5
Type: Master's thesis
Year: 2010
Downloads: 202
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Abstract


The evolution of corporate governance issues, has been of concern to economists, economists have done a lot of research. However, we found that these studies and analyzed the existing corporate governance structure for most of the evolution of the use of the new system school of economics research methods, the use of transaction cost analysis paradigm, on the characteristics of a variety of corporate governance model comparison analysis, corporate governance The fundamental reason is that the paradigm shift in corporate governance model of the existing transaction costs are too high, resulting in potential economic profit, or profit opportunities are not realized. The results of this analysis and the analysis is debatable, the first school of the transaction costs of the new system of economic paradigm founded on the premise that entrepreneurs can clearly know the various acts will bring the costs and benefits, or that entrepreneurs have to know which What kind of corporate governance structure using transaction cost is minimal, corporate earnings are greatest. This assumption for the reality of entrepreneurs untrue, because any one entrepreneur can not know exactly what kind of future entrepreneurial activity can bring the value of the costs and benefits, after all, entrepreneurs are bounded rationality and incomplete information. Secondly, the entrepreneur is a \inevitably affect the entrepreneur's behavior choices. Entrepreneurs are social beings, which is destined entrepreneur \This article is an entrepreneur, \This governance model for private enterprises in Zhejiang resolve the current situation, we all know, Zhejiang private enterprises started in the family business, even after decades of development, governance model of private enterprises in Zhejiang diversified development, but private enterprises in Zhejiang model of governance is still mainly by way of family management. We further propose articles core issue, what factors lead to Zhejiang private enterprises are using family system model, is what causes the governance structure of private enterprises in Zhejiang evolution? After further research and analysis which we think of entrepreneurs psychological costs, namely the enterprise home \We believe that entrepreneurs are social beings, and can be \changes required to pay the \Psychological costs are not entrepreneurs here New System School of transaction costs, transaction costs are an afterthought to know the true costs. Psychological costs just business entrepreneur before taking action, \bring home the social and human aspects of loss: If the power control of the business entrepreneurs, family honor, \The difference between the individual entrepreneur makes enterprise \changed. This paper analyzes the owners governance models (ie, family governance model) to a paradigm shift in modern corporate governance process, and divided into four stages, three in transition. We believe that governance model from the family to the paradigm shift in modern corporate governance, the core is the entrepreneur and his family control the lowering of the enterprise, by the \there is a strong \In each of the transition period, which is the entrepreneur and his family control of the enterprise subject to different challenges, different from individual to individual entrepreneurs psychological costs of a larger difference in the transition period, some entrepreneurs hugely magnified when psychic costs , entrepreneurs will refuse corporate governance paradigm shift, and some entrepreneurs psychological cost performance is relatively small, it will accept the corporate governance model. To prove this point, in order to obtain first-hand information, the author investigates Yueqing City, home electronics industry, private enterprises, issuing more than 100 surveys, the majority of enterprises are not interested in this personal survey, only the actual recovery 25 copies of the survey data, the small number of samples is the subject of regret lies. Articles using spss software spss data from the survey of correspondence analysis to verify the entrepreneur psychological costs associated with corporate governance issues, this view has been preliminarily verified.

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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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