| With the development of China’s national economy, the role of small and medium-sized enterprises also corresponding stand out, in small and medium-sized enterprises with family characteristics of enterprises is particularly important to the development of small and medium-sized enterprises, become the focus of national and the vast majority of scholars. After reform and opening up the position of family firms in the early development of growth quickly, but as the enterprise growth cycle and market gradually perfect, the bottleneck of family enterprises encountered more and more, accordingly the drawbacks of the family enterprise is also revealed. In order to minimize the disadvantages of family businesses themselves, experts and scholars put forward many measures to differ as a result of position and school, experts and scholars, and considering the family business area and the way of governance model is different, did not come to an agreement. From the existing literature, the scholars on family business performance is particularly concerned about, the executives of the relationship between CEO and family business performance is also very attention, so that the CEO power’s influence on the performance of family business has become a focus of scholars dispute. Some scholars tend to the family business to the CEO of the power, the higher the degree of freedom of the CEO decision, more can do things freely, let go of hands and feet, the CEO of the performance of family business plays a positive role; Some scholars argue that the CEO of the greater the power, the disadvantages of its own and the more likely it is exposed, the power could make the CEO using surplus power in non-productive activities, thus the opportunistic measures, indirect damage to the performance of family business, is not conducive to the long-term development of family enterprises; Also some scholars on the relationship between the CEO power and family business performance is not sensitive, that is no necessary link between, and make the validation in a certain extent. Based on the study on the basis of CEO power and the performance of family business is studied.Compared with western developed countries, the capital of our country socialist market is not too perfect, many aspects need to study abroad. Existing literature shows that foreign family enterprises performance and the relationship between CEO power by the western current market levels and the conditions of governance of adjustment is not obvious, but in domestic different institutional environment and different level of the corporate governance, family enterprise performance and CEO power relationship is restricted by different degrees. Scholars have shown that large macro system under the condition of bad environment, family enterprise human resources and material resources is restrained, CEO of rights does not mean its voluntarily undertake the responsibility, the greater the power of CEO of rather plus environment bad for business, so the family influence enterprise performance, which hinders the decline of the family business; Instead of macro system good cases, all kinds of resources is rich, the government regulation is larger, the CEO of power have been varying degrees of constraint, the power, the CEO of the whole heart for the sake of the company, the family enterprise performance is also improved. Also some scholars put forward the company’s internal management level also affects the CEO power relation with the performance of family business, the foreign independent director system more perfect, has very good supervision effect to the CEO, can constrain the power of managers to make is advantageous to the enterprise strategic decision, the current domestic independent director system is not perfect need to learn a lot from abroad; Family enterprise internal governance structure of course also contains the board size, etc., based on the current situation of domestic enterprises, for on behalf of the family of a corporate governance index, the article choose the shareholders meeting, board of supervisors, the meeting of the board of directors times to verify the CEO power relationship with the performance of family business.Article on the basis of stewardship theory, theory and combined with the existing literature, such as high ladder team collected 189,2008-2010 data samples, carries on the regression analysis using the SPSS statistical software, the research contents of three aspects:(1), the power of the CEO and the performance of family business; (2) represented by marketization index system of the macro environment on the relationship with the family business performance of the power of the CEO regulation; (3) the general meeting of shareholders, board of supervisors, the meeting of the board of directors to synthetic factor of micro system environment on the relationship with the family business performance of the power of the CEO. The empirical results show:(1) the CEO power strength performance were positively correlated with family enterprise, the CEO of power, the greater the family business, the better the performance; CEO power is smaller, the lower the family firm performance; (2) family business area good institutional environment, CEO power and the positive correlation between family business performance decreases, and the system of regional environment in CEO power and the performance of family business has a negative adjustment role in positive correlation; (3) the family corporate governance, the better, CEO power impact on the performance of family business is decreased, the corporate governance between CEO power and family business performance show a negative regulatory role, will weaken the relationship between CEO power and family business performance. |
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