Research On Family Enterprises In Hebei Property Rights System

With family business as the main body, the non-public sector is an important part of socialist market economy, playing some irreplaceable role in mobilizing enthusiasm of all sectors in society, promoting economic growth, expanding employment, invigorating the market and satisfying the diversified needs of people. The healthy development of family business is in the interests of non-public sectors, contributing to the nation and society, conducive to the development of socialist market economy and the cause of building socialism with Chinese characteristics.Since the reform and opening up, family enterprise have vigorously developed and gone through some long, devious and difficult period and now been under a rapid and sustainable development. Meanwhile,many household enterprises, including some famous star business,frequently fall into troubles, highlighting the fact that the weakness of property right system in Chinese family business has blocked enterprises to grow bigger and stronger.In family enterprises,a single or a number of families or a clan occupy most of the residual claims and remaining control right of the enterprises, undertake the enterprises' main risk, and can deliver remaining control right of the enterprises to the younger generation. During these years our province's economic form has witnessed that family wholly owned shares in family enterprises formerly and nowadays though they are not at the status to control shares they in fact hold the enterprise control. In our province family enterprises relying on blood ties in a certain extent prompted the family enterprise of good operation, making them have incomparable advantage comparing to other enterprises. But the family enterprises also have the shortcomings that the property structure is single and relationship among family enterprise members is complex, and the family enterprises members also reject members outside the family enterprises. With the enlargement of enterprises in scale, the improvement of the technology and the increasingly fierce market competition, the drawbacks of our province family enterprise mode exposed even more obviously. There is no other way to gain sustainable development of our family enterprises except realizing the transformation to modern property system. Family enterprises' property right system modernization refers to the perspicuity of family enterprises'shareholding structure and the modernization of family business governance structure. The basic premise of modern enterprise system is a modern property system that there is a clear and exclusive rights configuration of the enterprise resource between participants in enterprise activity. Reasonable and effective corporate governance structure demands the enterprise surplus control right to match the residual claims right.The major ways for family enterprises in Hebei to achieve modern property rights system include public listing, reform on original system and the introduction of exterior stratigic resources.