Research On The Effectiveness Of Corporate Governance And Procedure Decision-making In Real Estate Family Business Partners

Corporate governance of family business has always been a hot topic in the academic circle."procedural decision-making" is an important part of corporate governance mechanism,and its effectiveness directly affects the development status and economic consequences of the company.But the real estate family enterprise,because has the real estate enterprise and the family enterprise dual characteristic,causes its facing the corporate governance question to be more complex.In the initial stage of the company's development,real estate family enterprises will choose the governance mechanism of "high family control",which can promote the growth of the company with the high cohesion of the family.With the development of the company,it has entered the stage of rapid development.At this time,the size and environment of the company are quite different from the initial stage.The originally efficient "family control" governance mechanism has become an obstacle to the sustainable development of the company at this stage.However,the existing research rarely discusses what kind of "de-familiarization" governance mechanism should be adopted by family enterprises in the stage of rapid development,and the specific ways that this governance mechanism affects the effectiveness of procedural decision-making.Therefore,on the basis of principal-agent theory,human capital theory,butler theory and other theories,this paper sorts out relevant literature and makes literature review.Followed by this paper in the perspective of enterprise development stage,in order to directly related to business performance program decision effectiveness as to determine the factors of governance mechanism is superior to domestication,expounds the family highly governance mechanism in the enterprise,the disadvantages of high speed development stage and systematically analyzed the business partner whether governance mechanism can improve the effectiveness of the program decision company and business partner program decision-making system to improve the company the effectiveness of the specific path,to provide theoretical basis for the case analysis in this paper.In the part of case analysis?this paper selects country garden holdings co.,LTD.,one of the top ten real estate enterprises in China,as the object of case study,studies the path that country garden business partnership system affects program decision making in the stage of rapid development,and tests the effectiveness of program decision making from the perspectives of agency cost,profitability and growth ability.Through investigation and analysis,the conclusions have been fuond:the governance mechanism of business partners can meet the requirements of the rapid development of real estate family enterprises and optimize the corporate governance level;The institutional partner governance mechanism can improve the effectiveness of procedural decision making and promote the development and growth of the company.