家族企业剩余控制权传承的地位、时机与路径——基于海鑫、谢瑞麟和方太的多案例研究

发布时间：2018-11-13 12:44

【摘要】：在海鑫、谢瑞麟和方太案例的驱动下,基于复制与扩展分析逻辑,采用递进推演和比较分析的方法,本文研究了家族企业传承的内容与过程。研究发现,家族企业传承的中心任务是剩余控制权的传承,其外在表现是作为剩余控制权载体的股权、经营权的传递,以及作为剩余控制权支撑基础的接班人人力资本、社会资本的培养。同时,代际间的人力资本、社会资本的存量差异与分布格局决定了剩余控制权传承的时机与步序,传承过急与传承不足将会引发剩余控制权的耗散或冲突,并最终影响家族传承效果。所以,代际间的人力资本、社会资本的动态消涨过程决定了以股权、经营权为载体的剩余控制权传承路径。在此认识上,本文建构了家族企业传承DNA模型,以剩余控制权为衔接点,将目前文献分别关注的家族法定权力传递与接班人能力培养两条脉络整合在一起,解释了家族基因螺旋式传承的规律。
[Abstract]:Driven by the case of Haixin, Xie Ruilin and Fang Tai, based on the logic of replication and expansion analysis, this paper studies the content and process of family business inheritance by means of progressive deduction and comparative analysis. It is found that the central task of the inheritance of the family business is the inheritance of the residual control right, and its external manifestation is the equity as the carrier of the residual control right, the transfer of the management right, and the human capital of the successor as the supporting basis of the residual control right. The cultivation of social capital. At the same time, the difference and distribution pattern of human capital and social capital between generations determine the timing and sequence of residual control right inheritance, and the excessive and insufficient transmission will lead to the dissipation or conflict of residual control right. And ultimately affect the effect of family inheritance. Therefore, the dynamic decline of human capital and social capital between generations determines the inheritance path of residual control right based on stock right and management right. In view of this, this paper constructs the DNA model of family business inheritance, taking the residual control right as the connecting point, integrates the family legal power transfer and the ability cultivation of successors, which are concerned by the current literature, together. Explained the family gene spiral inheritance law.
【作者单位】：东华大学工商管理学院;
【基金】：国家社会科学基金一般项目“中国家族性企业集团的分立治理模式研究”(批准号11BGL012) 上海市教委科研创新项目“家族企业剩余控制权代际传递、社会资本代际调适及其交互效应研究”(批准号15ZS016)
【分类号】：F276.5

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