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The Search To Governance Mechanism Of The Family Business Enterprises In My Country

Posted on:2007-11-26Degree:MasterType:Thesis
Country:ChinaCandidate:X Y PengFull Text:PDF
GTID:2189360185474608Subject:Industrial Economics
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The family business extensively exist in eastern and western nations those are distinct in ideology,system environment,culture background, getting through all phases of economy development in each country by its flexibility. Though the influence which a family imposes on the family business is different in each nation, but it is accepted that family business is controlled by the family or pan-families, the right includes surplus-claim and surplus-control, but the key factor is different in different nations or in different culture zone.As the system of family business is compatible with economical,social,cultural environment of our country, so, this seed, once rooting in our country rich land, will grow fiercely. Compared with the state-owned enterprise, the owner of family business is definite, his responsibility,right and benefit are unified highly, reducing the externalities and the indetermination within economic development. The property arrangement in our country accords with ingenerate need of the development of property system." Jia Culture" tradition of several thousand years of our country is then social cultural hotbed of the family business growth. In the family business, the executive is subjected to both of encouragement and restriction coming from family interest and affectionateness, so there are few chances the moral risk and the opportunism behaviors of the executives will occur. Furthermore, at the initial stage of a family business, the faithfulness and loyalty reputation between household members on the base of blood relationship relative relation serve the enterprise as a unwonted resources, minimizing the bargain expenses.The modern company governance is the advanced stage of enterprise system development, but is not unique existence form of enterprise, the family business enterprise should make full use of beneficial composition of the modern company mechanism as well during its development. The modern company adopts the mechanism of reciprocity and interaction between shareholder meeting,board of directors,supervisor meeting,executives. But there is a premise the modern company system can function, that is the property right is provided as well as efficient credit and law market. While for where which is not qualified, the family business enterprise is efficient.The different stage of the development of the family business enterprise appeals to...
Keywords/Search Tags:Family business Enterprise, Governance Mechanism, Optimization, Culture Background, Systematization
PDF Full Text Request
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