Family Firm: Finance And Governance Structure The Analysis Based On The Sustainable Development Of Family Firm

After the opening-up reform, family firm has grown rapidly in China, and it is making a great contribution to the economy and social stability. To an individual enterprise, the human and financial capital are two bottlenecks in the process of growth, and the two bottlenecks are closely linked with the financing of enterprises and governance structure. This thesis is trying to discuss how to overcome the limit of family resources, and gain sustainable growth. Based on the modern enterprise theory, from the angle of the enterprise finance and governance structure this thesis try to analyze family businesses how to achieve sustainable development. The core content of this thesis is to establish the evolution track of family business and the model for sustainable development based on finance and governance structures, and to point out that the synergy optimization of finance and governance structures is to promote the sustainable development of family enterprises, finally with the model for the family business governance structure optimization and optimization of financing, to provide constructive suggestions so as to achieve sustainable development.There are 7 chapters in this thesis. Firstly after overviews of the relative theory we lead to the concept of enterprises'sustainable development, and lay a foundation for analysis of the family business'sustainable development. Then according to the former theoretical framework about the sustainable development of family businesses we do the analysis, and put forward a two-wheel carriage drive model based on financing and governance structure as the two wheel, and analyze the operation mechanism of this model. Chapter 5 of my thesis discusses the status quo and existing problems of family enterprise governance structure and the financing to lay the foundation for the following constructive proposals. Chapter VI, based on the status quo and problems points out that the family enterprise finance and governance structure should be optimized in order to achieve sustainable development of China's family enterprises and should optimize synergy family business financing and governance structure. Finally, it's a brief conclusion of the full text that the sustainable development of the family business is the evolution process of family firm. In the family business in the course of developing the family business the enterprise governance structure will be the most important part and will be adjusted, and such adjustment will be accompanied by the financing of family enterprises, we should make their mutual coordination so as to achieve the sustainable development of family businesses.Since the conditional restricting, we haven't made sufficient practice surveying, so the main body of this thesis are short of sufficient positive analysis. At the same time, because of the limitation of documents, we have not quoted the up to date data when analyzing the family enterprises contribution. According to analytical framework of this thesis--theoretical analysis based on the finance and governance structure, we have not made detailed analysis of other relative problems of the Family Firm's sustainable development. These will be the direction of my future studies.