家族企业治理结构演变研究——基于企业契约理论的博弈分析

A Study on the Transformation of Governance Structure in Family Enterprises——A Game Analysis Based on Contractual Theory of Firm

在公众公司高速发展的时代,家族企业是否会被"去家族化"的经济浪潮淹没?基于对家族企业治理研究成果的梳理,厘清了家族企业的契约关系及家族企业治理结构的演变规律。进一步从模型角度,运用进化博弈论分析家族企业治理结构演变的内生路径,结果表明,在经济发展过程中,家族企业的治理模式是家族企业自发有序形成的适应性制度安排,不过由于演进的学习路径的不同,最终形成了不同的公司治理模式。

Will family enterprises disappear in the period while public enterprises develop rapidly？ Based on the summary of literature on family enterprises governance,the contractual relationship and development rules for corporate governance in family enterprises have been clearly clarified.Further,with a model perspective and evolutionary game theory,this article analyzes the endogenous path in the transformation of governance structure in family enterprises.The result indicates that the governance pattern of family enterprises has developed spontaneously by a compatible system arrangement in the process of economic development.However,due to different ways of evolution,different patterns of governance come into being finally.