民营企业依附关系变迁与其融资模式选择

The Variance in the Attachment Relationship of Private Enterprises and Their Financing Mode Selection

相对于其他类型的企业,民营企业家对于民营企业有着十分重要的影响,表现为企业对企业家较强的个人依附。但随着民营企业的发展,企业和民营两个组织结构均在不同层面上不断进化。民营企业的股权不断分化,内部监督加强,管理程序和规则不断制度化。由此,民营企业与民营企业家之间的关系发生了较大变迁,民营企业逐步突破对民营企业家的个人依附。这些变化引导着民营企业的融资模式由个人依附型融资模式转化为市场主导型融资模式。

Compared with other types of enterprises, private entrepreneurs have very important influence on private enterprises and the manifestation lies in that private enterprises attach to entrepreneurs stongly. However with the development of private enterprises, enterprises and private ownership are evolving continuously in different levels. The shareholdong is continually diversified, the internal supervision is reinforced and the management procedures and rules are institutionalized. Therefore the relationship between private enterprises and private entrepreneurs has changed. Private enterprises have become less dependent on private entrepreneurs. These changes lead the financing mode of private enterprises to change from individual attachment financing mode to market - oriented financing mode.