摘要
山西商人独特的经营形式已经创造了当时商业的神奇。从非正式约束角度来分析,在集体文化形态中的集体惩戒机制下,股东与经理之间信任与忠诚的关系是一个重要因素。
The unique business operation practice of Shanxi merchants created a contemporary legend of its time. Judging from its informal obligations, the confidence and loyalty between business owners and the management are the most important factors supported with collective penalty mechanism.