代际传承视角下家族企业继任者胜任力分析

家族企业继任者素质的高低成为影响企业发展的关键因素。通过质性研究方法构建家族企业继任者胜任力KAP模型并基于SPSS统计软件和AMOS结构方程分析工具对实证数据进行处理和分析。研究结果显示,除了实证结果与理论模型基本契合之外,还发现继任者与第一代创业者在胜任力要素构成上存在着差异。最后,从家族企业继任前的筹备、继任中的考验以及继任后的创新三个方面提出提升继任者胜任力水平的具体管理建议。     

企业生命周期和企业家生命周期的“双重变奏”——中国家族企业控制权代际转移的困境与出路

企业生命周期和企业家生命周期是影响中国家族企业控制权的代际传承受的关键,在理想状态下,每一个家族企业都期望企业的生命周期和企业家的生命周期的"双重变奏",可以实现家族企业控制权的顺利交接。但现实中继任者的培养、突发性事件、经理人市场环境都可能影响到双周期的交替进行。出路应该是针对不同的企业规模采取不同的措施保证家族企业基业常青。     

家族企业成功传承与继任者选拔——基于温州地区的实证分析

家族企业成功传承是企业持续成长的关键,其中继任者的选拔影响最为深远。笔者实地调研显示：1／4的家族企业曾尝试由家族外的经理人接管企业的经营,虽然总体效果颇佳,但他们对最终继任对象的选择还是偏向于家族内部。在股权传承上,受到传统的“诸子均分”思想影响。当涉及影响成功传承的要素时,家族企业非常看重家族成员间的和谐关系,赞同家族内部权力转移,而且在尊重子女意愿的前提下,有意识培养子女的综合能力,帮助其树立威信并且支持接班人继任后推行企业改革。但是调查也表明目前家族企业普遍对继任计划的重要性意识淡薄。     

家族企业经营管理层的换代与继任

本文首先综述了家族企业经营管理层的换代及其影响 ,通过介绍与分析加拿大1 2 4家家族企业的调查资料 ,着重讨论了家族企业家族成员、企业内非家族成员和企业外非家族成员继任者的特点及其产生的影响     

我国家族企业权力继任模式的文化影响——兼与日本家姓文化的比较

传统文化是家族企业发展过程中一个不可或缺的影响因素,本文从我国传统文化的经典——儒学入手,着重分析儒学思想体系所重视的血缘关系之“姓氏制度”和“孝悌之道”,并用之解释我国家族企业在从创始人到第一代继承人的企业权力更替过程中采用“子承父业”继承模式的普遍性。     

家族企业代际传承九要素模型研究

为了提高代际传承成功率,继任者需要拥有丰富的知识、经验和技能。安排继任者负责新业务的创建和发展,可以为其提供历练机会,从而成为家族企业领导人提升继任者接班禀赋的有效路径。为了确保该过程顺利、高效,需要特别重视九个关键要素,即沟通、基础、共识、协同、培育、优化、特色、成长、新业务。这九个要素具有紧密的内在逻辑关系,共同构成了独具特色的、基于新业务创建的家族企业代际传承九要素模型。     

刍议家族企业代际传承中的利益相关者

本文根据利益相关者理论分析了家族企业代际传承中的主要利益主体,归纳了传承过程可能存在的问题,指出要实现家族企业的成功传承,关键是在在任者和继任者的利益之间寻求协调与平衡。     

家庭企业经营者变更的博弈分析

一、引言 中国的家族企业自上世纪80年代逐渐发展并壮大.20年之后,这些企业即将或已经进入经营者变更的敏感时期.在权力和财富的转移中,"子承父业"或"任人唯亲"几乎是家族企业经营者变更的惟一模式."子承父业"有其独特的优势,如企业的领导成员间容易沟通、决策速度快、管理成本低、容易保护商业秘密等.但是,"任人唯亲"并不是家族企业最优的经营者选择方式,尤其是在家族内部没有接班人或其后代并没有能力承担经营者职责的情况下,经营者的选择和变更就成为决定家族企业成败的关键性问题.     

传承家族企业传承浙商精神——宁波家族企业传承与发展

宁波家族企业发展到今天,面对传承问题,大多数的家族企业创始人选择以"子承父业"的形式来继承企业,但他们是否能够顺利地接手企业,并将其发展壮大,成为企业面临的严峻问题.同时一批规模较小的企业并无传承计划,甚至打算以后拍卖或者破产清算;大部分人的创业观念逐渐淡薄,转为倾向于其他相对压力更小的职业.     

家族成员与职业经理人冲突原因及合作路径研究

家族企业引入职业经理人是其向现代企业迈进的重要体现之一。文章以上市家族企业为研究对象,对其内部管理者与职业经理人的权力分配情况进行理论分析。研究结果表明:家族企业与职业经理人之间缺乏相互信任,职业经理人并不"职业";这使得家族企业在向现代企业管理制度改革的道路上遇到重重障碍。基于企业管理者和职业经理人的心理,提出了相应的解决路径,以期使家族企业与职业经理人有效合作,实现双赢。     

家族企业接班与接班人选择

家族企业接班是指企业的权力代表者因自然生命周期或提高企业绩效等原因,将企业经营控制权移交给其他人的过程.家族企业接班人主要来源于家里人、企业人、外来人.目前我国家族企业接班人选择主要是子承父业的方式.     

No Successor,No Success? Impact of a Little Son on Business Performance

The dynasty model, which assumes the presence of intergenerational altruism, implies that business owners will have more incentive to improve the firm’s performance if they expect their children to take over the firms. This study empirically examines how top managers’ expectations about future family succession affect the performance of small family firms. Exploiting the sex of the top manager’s first-born child as an instrumental variable for the manager’s expectations about business succession by his child, we find that the existence of a potential family successor has a positive effect on profit. We also find that the presence of a potential family successor induces business expansion and the managers’ actions to enhance performance, such as improving operational efficiency and investing in information technology.     

产业集群对创意企业盈利及成长的影响研究——基于浙江创意产业集群的实证分析

目前关于创意企业盈利及成长问题的研究仅局限于个别的静态分析,还没有进行相关的动态研究。实际上,在创意产业集群发展的不同阶段,其内部协作各要素对企业盈利及成长的影响是不尽相同的,因此,要想深入理解产业集群环境中的创意企业协作共赢问题,就必须要在一个较长的时间跨度内来考察集群企业盈利及成长的动态变化。现阶段,产业集群内创意企业协作行为研究还未形成明确的研究路径。正是在这样的背景下,本研究通过利用收益分配的博弈模型,通过实证研究来动态地分析产业集群对创意企业盈利及成长的影响。     

Cooperation Satisfaction and Performance： Empirical Evidence from Chinese Banks and Their Foreign Strategic Investors

In this paper, we investigate whether the mutual satisfaction of Chinese banks and foreign strategic investors （FSI） in terms of their cooperation with each other affects the performance of Chinese banks＇. Since 2004, China ＇s banking authority has conducted an annual survey on Chinese banks and their FSI, assessing levels of mutual satisfaction in terms of their cooperation. We use these survey results to examine the effects of satisfaction levels on the profitability of Chinese banks. Our results reveal that satisfaction affects profitability; that is, satisfied foreign investors and Chinese banks yield better performance. Satisfaction determinants for each party are also examined. Although the profitability of Chinese banks does not show a significant effect on the satisfaction of either party, bank loan to deposit ratios, regions of FSI home countries, and the type of Chinese banks＇ are important factors that might affect satisfaction.     

Long live China’s state-owned enterprises: deflating the myth of poor financial performance

China’s industrial state-owned enterprises (SOEs) are commonly perceived as performing poorly. This leads authors to conclude that SOE reform so far has been a failure, and to recommend all-out privatization. Industrial SOE profitability indeed declined drastically in the course of the reform period, and industrial SOEs are always less profitable than industrial non-SOEs. However, the gap between SOEs and non-SOEs can be explained by just two factors: SOEs face higher circulation tax rates than non-SOEs, and have a higher capital intensity. In as far as these are the result of government policies and historical factors discriminating against SOEs, privatization of SOEs may improve these enterprises’ profitability levels, but privatization is not a necessary condition. The decline in SOE profitability over time furthermore is well explained by economic transition factors; non-SOE profitability declined following a similar time pattern, and non-SOEs are no better suited to withstand shocks such as the 1989–1990 economic downturn.     

An Examination of the Statistical Significance and Economic Relevance of Profitability and Earnings Forecasts from Models and Analysts

In this paper, we propose and empirically test a cross‐sectional profitability forecasting model which incorporates two major improvements relative to extant models. First, in terms of model construction, we incorporate mean reversion through the use of a two‐stage partial adjustment model and inclusion of a number of additional relevant determinants of profitability. Second, in terms of model estimation, we employ least absolute deviation (LAD) analysis instead of ordinary least squares because the former approach is able to better accommodate outliers. Results reveal that forecasts from our model are more accurate than three extant models at every forecast horizon considered and more accurate than consensus analyst forecasts at forecast horizons of two through five years. Further analysis reveals that LAD estimation provides the greatest incremental accuracy improvement followed by the inclusion of income subcomponents as predictor variables, and implementation of the two‐stage partial adjustment model. In terms of economic relevance, we find that forecasts from our model are informative about future returns, incremental to forecasts from other models, analysts’ forecasts, and standard risk factors. Overall, our results are important because they document the increased accuracy and economic relevance of a cross‐sectional profitability forecasting model which incorporates improvements to extant models in terms of model construction and estimation.     

中国家族企业继承人培养计划

当前,中国家族企业面临着经营者交接班的巨大挑战;结合中国家族企业实际、未来发展战略及中国传统文化,应对这一挑战的关键在于培养胜任的家族企业继承人。而制定出切实可行的继承人培养计划,是中国家族企业可持续发展的首要任务。文章分析了中国家族企业交接班四大困境,并提     

Mixing Family Business with Politics in Thailand*

This paper uses newly compiled data on Thai family businesses and their direct participation in politics to examine whether the political participation of family business yields private economic payoff. The paper finds that the political participa‐tion of family members is positively associated with the profitability of family businesses. Furthermore, this ‘political benefit’ is found to be particularly large when firms are connected to cabinet members. These results support the crony capitalism view that powerful business groups in Thailand have an incentive to directly hold influential public offices to influence economic policy in their favor.