论文标题:家族企业理论与当代中国家族企业成长研究
Theories of Family Business and Research on the Growth of Family Business in China
论文作者 吴斌
论文导师 张晖明,论文学位 博士,论文专业 政治经济学
论文单位 复旦大学,点击次数 146,论文页数 196页File Size11568k
2003-04-30论文网 http://www.lw23.com/lunwen_15341987/ 家族,企业理论,中国家族企业,成长
Family,Theory of Business Firm,Chinese Family Business,Growth
本文以经济学作为基本的研究方法，结合社会学、文化学和管理学等多学科知识来构建一个家族企业理论的基本理论框架，并在此基础上分析中国家族企业成长中的内外部问题。全文分7章，共15万字。 在基本理论框架部分，本文首先对家族企业及相关概念进行理论梳理和界定，从家族企业产生的本源来探讨亲族关系与经济关系如何相互利用，家族的经济行为与社会关系之间如何互惠，从而进一步揭示出家族企业最先要依赖的亲族关系的经济价值。进一步分析了亲族关系的社会资本和网络功能；探讨了家族经济行为和自身亲族等社会关系的互动机制，并从一个经济社会学逻辑的角度回答了家族企业产生的必然。其次研究了家族企业的现代公司化问题。由于在家族企业初始化过程中，亲族关系发挥了巨大的作用，所以家族企业发展壮大后，按公司模式制重新塑造企业组织时，必然会留有初始过程中利用亲族治理企业的残余。我们通过分析家族企业引入专业经理人员实现公司化的历史过程和必然性，以及亲族治理和契约治理在家族企业公司决策中的不同影响，得出家族企业混合治理模式的结果。再次，研究了家族企业的资本社会化问题。家族企业在成长过程中必须融合金融资本，通过非人格化的资本市场向公众融资。伴随企业家族资本股权的不断稀释和外部资本的融入，家族企业也在不断地与社会的人力资本，特别是管理资源在不断融合。我们从理论上分析了控制权家族作为上市公司大股东存在的动因、治理作用以及掠夺行为的可能性；用一个动态模型分析了资本市场的缺陷如何影响家族企业的演进途径；根据模型得出若干关于资本市场和家族企业关系的推论。 在实证部分，我们通过香港案例的实证分析，来研究什么状态下家族企业治理模式是有效率的。我们分析了公司治理结构的同形异种问题，通过对英美模式、日德模式和家族治理模式的比较，得出了公司家族治理模式的独特特征。我们从公司治理改革(包括公司管制)和金融市场的两个角度进行了分析得出了家族企业治理模式在香港基本上算是成功的原因。 在进行理论分析后，我们进一步对当代中国家族企业成长进行研究。在分析家族企业成长的内部规则时，我们先分析了在一个计划经济转型的过程中，家族企业成长所需的历史条件和制度条件；研究了所有制改革和产权制度的逐步确立对家族企业成长的影响；还特别探讨了非制度性规则在家族企业成长中的作用。在分析中国家族企业成长的内部规则中，探讨了中国家族文化对家族企业内部管理的影响，得出家族文化在中国家族企业管理特征形成中所起的作用。再从家族企业内部控制权为切入点，分析了家族成员和专业经理之间可能存在的管理冲突，以及家族企业采用现代企业制度后所存在的问题。最后研究了中国家族企业的上市问题。家族企业成为上市公司后，其中最关键的问题是控制权家族是否会利用信息不对称和大股东的地位来掠夺中小股东的权益，而这一点在东亚许多家族企业上市后是一种较为普遍的现象。我们分析了家族企业上市的方式和管制的情况以及家族企业上市后一股独大问题对公司治理和绩效带来的后果，探讨了如何有效监管并防止家族企业上市后对中小股东可能带来的利益掠夺，并提出相应的政策建议。
The thesis attempts to institute a theoretical framework governing the research on family business, within which the internal and external issues concerning the growth of family businesses are discussed from the perspectives of economics, sociology, psychology, culture and management science. It comprises seven chapters and includes 150,000 Chinese characters.In the part of theoretical analysis, the thesis first defines the concepts related to family business, discusses the interaction between kinship and economic relations and the mutual benefits between the economic behavior and social relations by focusing on the origin of the family business, and documents the economic value of the kinship that the family business has to depend on in the first place. Besides, it analyzes the social capital and networking function of kinship, discusses the interaction mechanism between the economic behavior of the family business and kinship among other social relations and argues the inevitable birth of the family business based on an socioeconomic logic. Then, the thesis addresses the corporatization of family business. Because of the predominant role of the kinship governance at the preliminary stage of family business, it is impossible to eradicate it when employing the corporate system to reorganize the family business that has already grown up. The author rationalizes the mixed governance of the family business by applying analysis to the history and inevitability of introducing professional management to the family business to accomplish corporatization and the different influences of the kinship and contractual governance on the decision-making of the family business. Third, the thesis approaches the capital socialization of the family business. During its growth, the family business has to get integrated with the financial capital for raising funds from the general public in the impersonalized capital market. The family business continues its integration with the human capital, especially the management resources, from outside in the meantime of the gradual dilution of family equity and introduction of outside capital. Here, theoretical analysis is applied to the motivation, governance role and potential expropriation by the controlling family as majority shareholder; a dynamic model is employed to discuss how the evolution of the family business is influenced by the drawbacks of the capital market; several corollaries are concluded based on theoretical models as regards the relation of family business with the capital market.In the part of the positive analysis, the cases of Hong Kong are anatomized to define how the governance of the family business can be effective. The author probesinto the isomorphism and heterogeneity of the governance of family business and pinpoints its peculiarity through a comparison between the Anglo-Saxon, Japan-German and family models. Moreover, the author argues the success of family governance in Hong Kong from the perspectives of corporate governance reform (including corporate regulation) and financial market.Following the above analysis, the thesis shifts to focus on growth of the modern family business in China. The integration of economic transition in China with the general theoretical framework instituted above benefits a better understanding of the status quo and the problems of the modern family business in China. As for the external rules governing the growth of the family business, the author first discusses the historical and institutional conditions required for the growth of family business in the transformation from central planning to market-oriented economy, then analyzes the influence of the ownership system reform and gradual establishment of property rights system on the growth of the family business, and finally touches the role of non-institutional rules in the growth of family business. The following chapter is devoted to the internal rules governing the growth of the family business in China. The author discusses the influence of the Chinese f
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