亲缘关系与家族控制权的配置机制及效率——基于制度环境的解释

基于制度环境视角,文章分析了亲缘关系在家族控制权配置中的作用和功效。研究结果表明:(1)制度环境越不完善,家族业主越倾向于采用基于亲缘关系的控制权配置模式,即将关键岗位控制权配置给有亲缘关系的代理人而非完全掌握在职业经理人手中;(2)相对于完全配置给职业经理人,亲缘关系导向的控制权配置模式更有利于家族企业绩效的提升,尤其在制度环境不完善的情况下,其提升企业绩效的效果更加明显。文章的研究结论表明,关键岗位的控制权配置不仅要关注亲缘关系的作用和功效,还要关注外部制度环境的影响。

Kinship and the Efficiency of Family Control Distribution Mechanism:An Explanation Based on Institutional Environment

This paper analyzes the role of kinship in family control distribution from the angle of institutional environment.The results are shown as follows: firstly,more imperfect institutional environment leads to the family entrepreneur’s preference for the kinship-based control distribution mode,that is to say,key positions are allocated to the agents who are some relation to the family entrepreneur;secondly,compared to complete manager-oriented control distribution mode,kinship-oriented control distribution mode is more conducive to the increase in family business performance,especially under imperfect institutional environment.It arrives at a conclusion that the control distribution of key positions should pay attention to not only the function of kinship but also the effect of external institutional environment.