关于民营企业治理结构的家族化问题

以家族为基础成长起来的我国民营企业经过多年的发展，目前已处于产权革新阶段，由产权引发的治理结构问题在成为制约民营企业持续发展壮大的关键因素。文章首先对中国民营企业治理结构的现状归纳分析；然后基于委托代理论，对民营企业治理结构家族化的原因进行分析；最后，分析民营企业治理结构家族化面临的问题，说明企业成长的内在规定性要求家族企业沿着所有权和控制权的路径变迁，并最终过渡到由支薪经理所支配的现代股份公司。

Problems of Family-oriented Governance Structure in Chinese Private Enterprise

Chinese private enterprise based on a family has been grown-up for many years, and is now in the stage of property rights innovation. The property right by the governance structure is being the key constraints of sustainable development of private enterprises. So this paper firstly analysis of circumstances of the governance structure in chinese private enterprises Secondly, on view of theory commissioned , cause's of the private corporate governance structure has been made analysis for the intrinsic growth of the enterprise requirement of changes along the family business ownership and control of the path, and eventually transition to be dominated by the payroll manager modern joint-stock companies; Finally, rational goal of governance structure is to change ties based on the marriage and blood into separation of ownership and control, transiting private enterprises into modern joint-stock companies dominated by managers.