制度环境对家族企业治理的作用机理研究

Effect Mechanism of the Institutional Environment on Family Business Governance

家族企业是制度环境的产物,外部制度环境与内部的治理结构会共同作用于企业绩效。本文结合制度理论和公司治理理论,重点探讨家族企业内部的治理结构与外部制度环境如何相互作用、该作用机制如何影响企业成长。研究通过对比转型经济体与发达经济体,本文认为制度环境与家族企业治理对企业绩效的相互作用机制,在制度环境较不完善的转型经济体中更多地表现为替代性的机制,在制度环境较为完善的发达经济体中更多的是互补性的机制。

Family business is the outcome of institutions. The interaction of inner governance structure and external institutional environment will influence the firm performance. This study intends to analyze how the interaction mechanism of inner governance structure and external institutional environment affect the firm grow th by combining the institutional theory and corporate governance theory. Based on comparison between the transitional economy and developed economy,we propose that the mechanism is substitute under the transitional economy with imperfect institutional environment. But under the developed economy with relatively perfect institutional environment,it is complementary.