Research on effect factors and mechanism of Chinese family business governance

摘要

After 30 years of rapid growth, Chinese family businesses (CFBs) have become a critical force in boosting the national economic performance and structural adjustment. The property rights system innovation emerged as the core and bottleneck of the CFBs governance when they first implemented asset accumulation and encountered governance dilemma. We analyzed the contingent factors in determining the governance pattern as well as the unbalanced nature of the CFBs development, on the base of which proposed a contingent sequential flow analysis model so as to describe the dynamic process of CFBs governance model selection and transition, and set a foundation for further theoretical research.