【摘要】 以高阶理论为依据,从管理者的角度研究家族企业家双重性特征与家族企业融资决策的关系。基于2004~2007年在深圳中小企业板上市的家族企业样本的实证研究发现,家族企业家的性别、任职年限、政治身份、企业家的风险倾向、控制权偏好与家族企业融资决策之间存在显著的相关性;实证研究没有发现企业家年龄与融资决策的相关性。本研究对高阶理论在我国中小家族企业中的应用是一个有益的补充,该研究的启示意义在于,研究家族企业的融资决策时,必须考虑到企业家的相关特征。同时,本文对于更好地理解家族企业的融资行为,优化家族企业的融资结构具有重要的指导作用。更多还原

【Abstract】 Based on upper echelons perspective,the paper has researched the relationship between the duality Characteristics of family entrepreneurs and family financing decision from the perspective of managers.Based on samples of the family business listed on the Shenzhen SME board from 2004 to 2007,the empirical study found a significant correlation between family enterprise financing decision and family business entrepreneurs gender,tenure,political identity,risk propensity and control preference of entrepreneurs,and empirical study found no correlation between entrepreneurial age and financing decision.This study is a useful complement to the application of the upper echelons perspective in the small and medium-sized family businesses in China.The study has a significance that the relevant characteristics of entrepreneurs should be considered when the family business financing decision is researched.At the same time,this study plays a important role in guiding for the understanding of the financing behavior of the family business better and optimizing the financing structure of the family business.更多还原