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The Research And Design Of The Systems Of Family Firm’s Professional Managers Which Based On Trust

Posted on:2013-08-31Degree:DoctorType:Dissertation
Country:ChinaCandidate:S W YeFull Text:PDF
GTID:1229330395453468Subject:Management Science and Engineering
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Family firms play a very important role in the global market economics. The development of western family firms has already had a clearly developed context and route. They mainly through changing the equity structure, importing the institution of professional managers, building more scientific corporate governance structure and gradually transfer to the modern institution of company. Where should the Chinese family firms go? Should the Chinese family firms grow up in according to the growing route of western family firms? Or in according to the own characteristic to make a difference growing route. What is the secret of Chinese family firms’growing up? Can it be solved? To these questions, the traditional analysis route is based on the theory of property, theory of management of modern company and borrowing the successful experience from western family firms. It tries to build a scientific system and developed theory, in order to guide the Chinese family firms’ institution design and management development. But in fact it doesn’t form unity theory system and institution system which fit for the growing of Chinese family firms. On the other hand, the situation of Chinese family firms’actual development is not very good. The professional manager’s institution is a very important direction to the development of family firm. In practice, the most important question of the implement of professional managers’ institution is the risk of trust which leads to enterprise crisis. The construction and development of the relationship of trust is the key for ensuring the professional manager’s institution efficiency. So, discussing family firm how to improve institution and the efficient of management in the condition of the framework of trust relationship, which is the important research area in the present family firm’s development theory and govern theory. Researching this question has a direct and actual meaning to the family firms that are during the second setting up in business. Under this background, this article try to research the institution design and management under the relationship between the family firm’s professional managers’trust tendency and Organizational Commitment, which is based on the trust view, has a very important theoretical and actual meanings.This article studies with family firms, which is based on the view of institution trust. It analyzes the tendency of family firm’s professional manager’s trust behavior and the situation of organizational commitment and the relationship between them. It adopts these tools and methods:canonical case, collaborative theory and institutional economics. It discusses the design philosophy of family firm’s professional manager’s institution. And it makes suggestion and measures for improving the institutional trust of family firm and promoting the enforceable of professional manger’s institution.Many actual problems of the institution of professional managers, which after all are the concentrated expression of the trust conflict between entrusted agents. Trust and institution is interaction, the trust relationship of family firm have a big influence on importing the professional manager’s institution and professional manager’s governance mechanism. The lost of society trust and the low moral level of professional manager will lead to the difference of family firm’s trust relationship then influences the development of the management model of family firm and the change of modern company institution. The exit and entrance of family firm’s manager is influenced by trust and institution. It searches a balance between trust and institution and builds a good institution trust relationship. Then it is based on this to design an effective professional manager’s institution that in order to make a win-win between employer and manager. This is the key to Chinese family firm’s future.This article thinks that the resource of professional manager’s trust is varied. It concluded institutional trust, psychological contact, social trust, three dimensions. It empirically analyzes the relationship between professional managers’ trust tendency and organizational commitments. It studies to the professional managers and builds up the regression model of the tendency of trust and organizational commitments. Studies have shown that, trust is the important factor of organizational commitments of family firm’s professional managers. The both have the significant positive correlation. Three dimensions have different influence on organizational commitments. The order from high to low is this:institutional trust, psychological contact, social trust. The institutional trust has the most influence. Between the family firms and professional managers exists dynamic trust game. This article learns from the foreign research of trust relationship’s dynamic game. In game model of efficiency wage adds two factors,"Institutionalization of income" and "match income" which are on the basis of trust. Improve three stages trust game model of family firm’s professional managers. Studies have shown that, the trust relationship of family firm has externalities. Right design and effective application of trust institution is the key factor of protecting the professional managers’ institutional operational efficiency.The institution of professional manager is an institutional integrated system. It exists by system group. In the analysis and design of family firm’s professional manager’s institution must consider the systematic and coordination between institutional element and institutional group then make the institutional efficiency and management efficiency comes true. This article adopt to the synergetic thinking, through research methods of analyzing cases and institutional economics, based on the cases of the institution of Ningbo family firm’s professional managers. Analyzing the human institution, joint institution which are very important to building trust institution and improving the institutional efficiency. It is based on trust institution in the four aspects of open ideal, improve institution, add trust and improve agent mechanism take suggestion to improving institutional efficiency of professional managers.
Keywords/Search Tags:Family Firm, Professional Manager, Trust Game, OrganizationalCommitment, Institutional Group
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