家族企业传承背景下职业经理人激励机制研究——以美的集团为例

发布时间：2018-02-25 17:02

本文关键词： 家族企业代际传承职业经理人激励机制　出处：《财会通讯》2017年23期 　论文类型：期刊论文

【摘要】：家族企业作为我国民营企业中最为重要的一部分,随着第一代创始人年龄渐长,家族企业即将进入集中接班期。在家族企业传承安排上,美的集团的何氏家族将所有权与经营权分开,在管理权的传承上引入职业经理人。代际传承中引入职业经理人会使委托代理问题加剧,美的是通过集团整体上市实现对职业经理人的激励,以及重构董事会实现对职业经理人的制衡,以解决这一问题。本文通过对比美的集团引入职业经理人进行代际传承前后的市场反应及企业绩效指标,验证了美的集团该激励机制的有效性,同时为家族企业代际传承模式的选择提供一些经验启示。
[Abstract]:Family enterprises in China's private enterprises as the most important part, with the first generation of founder of older, family business is about to enter the pick up schedule. In the family business succession arrangements, the ho family of Midea Group to separate ownership and management, the introduction of occupation managers in the management right of inheritance into occupation. The manager will make the principal-agent problem exacerbated the intergenerational transmission, the United States is the group's overall listing of occupation managers motivation, and realize the balance of the board of directors of reconstruction of occupation managers, in order to solve this problem. Through the comparison of Midea Group into the occupation managers succession before and after the market reaction and performance index verification the effectiveness of the incentive mechanism of Midea Group, while providing some enlightenment for the intergenerational inheritance of family business.

【作者单位】：中山大学新华学院会计学院;招商证券股份有限公司;广东行政职业学院;
【基金】：国家自然科学基金面上项目“动态高管薪酬契约研究:基于战略视角”(项目编号:71372150);国家自然科学基金面上项目“激励创新的薪酬契约研究——侧重风险承担视角”(项目编号:71572197);国家自然科学基金重点项目“中国企业管理会计理论与方法研究”(批准号:71032006)阶段性研究成果全国会计领军人才培养工程特殊支持计划课题研究项目支持
【分类号】：F272.91;F426.6

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