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The research of the property right institution of family business and its innovation

Author(s): Yue Wenzhong, Cheng Yebing

In the beginning of the business, family management model is proper for the development of the business. But with the expansion of the scale of the family business, its defects such as the single property right, the vague boundary of the internal property right, the reserve space of the flow property right, the closing of the property right, and so on, not only cause the gradual increase of external profit, but also make the requirement of changing the property right institution more intensive. This article,from the nature and the characteristics of the family management, analyzes the property right features of our country’s family business and the inducement of changing the property right institution, and puts forward the countermeasures of innovating the property right institution of family business.

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