【摘要】 家族企业融资有其自身的特征:他们往往偏好于内源融资;如果需要从外源融资时,大部分企业只是进行少量负债,而不愿意采用股权融资方式。这一融资特征是由家族企业的治理结构决定的。家族企业治理结构对其融资行为有着重要影响;同时,家族企业的融资方式及其结构又影响其治理结构。家族企业治理结构会朝着现代企业制度的方向发展,这是一个循序渐进和自然的变迁过程。在这一过程中,融资起着不可忽视的作用,融资环境的改善能加速这一进程。更多还原

【Abstract】 The financing of family enterprises has its own characteristics:they tend to use the inner-source financing system. When they need to get outer financial resources, most of them will take on a minor debt instead of resorting to the security market. The mode of financing determines the corporation structure, and vice versa. The family enterprises are developing toward the modem enterprises, but it is a gradual and natural procedure, in which financing is of great importance and which the improvement of financing environment can accelerate.更多还原