Modern Changes In Social Capital Structure Of Chinese Family Business

Since the China's reform and opening up, the non-public ownership economy especially the private sector developed very fast and it has already occupied more than half of the account of the Chinese economy. The private sector usually takes the family management as the main form, therefore the family firm has often become the synonym of the private sector. In the Chinese family firm's developing process, it is very important for the family firm to agglomerate and utilize the social capital involved in enterprise. Because of the imperfection of the market economy and backward of china's market economy, a series of structure and technical factors based on the market failure have resulted in the dependence on social capital for Chinese family firm and the special culture characteristic of the Chinese society has also entrusted with China family firm's unique trust structure and the social capital characteristic. Nowadays, the private enterprise's destiny is uncertain. The family firm must change its own structure of social capital and make the bonding social capital change from family members' social capital to the contract social capital and make the bridging social capital change from family members' social capital to the general social capital. From this we can take the advancement in enterprise social capital with non- personification and institutionalization. Therefore we can constructs the trust responsibility conformed to the modern market economy, improve the China's market economy system and shape the market competition main body in the true sense.