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Abstract
From the perspective of the society, if there is merely the difference of the control ownership, then no difference exists between family business and non-family business. Due to the interference of the family factor, family business can take the long-term interests of the whole family as its development objective, starting from the family rationality, making difference from the public business on management behavior and operating mechanism. Only if defining family business from this perspective, can we make it into a research unit of great value. Family control is only a necessary condition rather the whole, instead, family rationality actually reflects the essential difference of family business. Therefore, in this thesis, the author gives a definition on family business that family business refers to enterprises owned wholly or held above the critical of the ownership and control by one or more families, operated and supervised by the authority or head of the family, with the family rationality, namely, the whole honors, interests and stable development of the family, as the highest value orientation, and also with handing down this power one generation by another as potential aims. This definition combines the dominant dimension of family control with recessive dimension of family rationality, and highly summarizes the definition of operability and theory on family business.
Family business governance is to solve two fundamental problems about enterprise control distribution and enterprise developing objective determination. From the perspective of family rationality, this thesis constructs a mode of factors in family corporate governance structure. In view of internal, the basic conditions determining corporate governance structure are family resource ability, family culture and vision, enterprise scale and developing phases, business type and characteristics. On the other side, the external causes are rules from outer environment (including the
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