| 制度环境与技术能力对家族企业治理转型的影响研究 |
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| 引用本文： | 徐细雄淦未宇.制度环境与技术能力对家族企业治理转型的影响研究[J].科研管理,2018,39(12):131-140. |
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| 作者姓名： | 徐细雄淦未宇 |
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| 作者单位： | 1.重庆大学经济与工商管理学院，重庆400030；
2.重庆大学公司财务与会计治理创新研究院，重庆400030；
3.西南政法大学商学院，重庆401120 |
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| 基金项目： | 国家自然科学基金面上项目：“宗教传统、隐性规则与企业非伦理行为；基于非正式制度视角的研究”（71572019，起止时间：2016-01至2019-12）；教育部人文社会科学研究规划项目：“儒家传统、隐性规则与企业非伦理行为：基于非正式制度视角的理论与实证研究”（17YJA630017，起止时间：2018-01至2019-12）；重庆市社科规划项目：“创新驱动发展战略下重庆企业自主创新能力提升路径及对策研究”（2017YBGL145 ，起止时间：2017-01至2019-11）。 |
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| 摘 要： | 代际传承与治理转型是困扰我国家族企业的重大现实难题，也是学术研究的热点。以控制权配置理论为基础，构建博弈模型揭示了法律制度、经理人市场和企业技术能力等因素及其交互作用对家族企业治理模式选择和动态演进的影响机理，并利用中国家族控股上市公司数据进行实证检验。研究发现，宏观层面的法律制度、经理人市场及微观层面的技术能力均对家族企业治理转型进程产生重要影响。具体来讲，家族企业所在地区的投资者保护越完善，经理人市场越发达，创始人家族越倾向将控制权让渡给职业经理人；反之，则更倾向选择子女接班。此外，企业技术生产率越高，家族企业治理转型对制度环境的依赖性越弱，越容易实现由家族治理向职业经理人治理转型。
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| 关 键 词： | 家族企业 治理转型 制度环境 企业技术能力 |
| 收稿时间： | 2015-12-28 |
| 修稿时间： | 2017-12-18 |
Impact of institutional environment and technological capability on governance transformation of family firms |
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| Xu Xixiong,Gan Weiyu.Impact of institutional environment and technological capability on governance transformation of family firms[J].Science Research Management,2018,39(12):131-140. |
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| Authors: | Xu Xixiong Gan Weiyu |
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| Institution: | 1. School of Economics and Business Administration, Chongqing University, Chongqing 400030, China;
2. Innovation Institute of Corporate Finance and Accounting Governance, Chongqing University, Chongqing 400030, China;
3. School of Business, Southwest University of Political Science and Law, Chongqing 401120, China |
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| Abstract: | Hereditary succession and governance transformation are great puzzles to hinder the development of Chinese family firms, and also hot topics of academic scholars. Based on the theory of allocation of control rights, this paper builds a model to explore the impact of law institutions, manager market and corporate technological capability on the choice and evolution of governance models of family firms, and then makes an empirical test using samples of Chinese family holding enterprises. The results show that, both law institutions and manager market in macro-level and technological capability in micro-level play great role on governance transformation of family firms. Specifically, founders tend to transfer control rights to professional managers with the improvement of law institutions and manager market; otherwise they prefer to descendant succession and implosive family governance. In addition, the dependence of governance transformation on institutional environments reduces with the increasing of technological capability. |
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| Keywords: | family firms governance transformation institutional environment technological capability |
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