突发事件影响下家族企业的家族资本重塑路径--以闰土股份为例  

The Remodeling Path of Family Capital in Family Businesses Under the Influence of Emergencies:A Case Study Based on Runtu

作　　者：鲍树琛 陈晨[2] BAO Shu-chen;CHEN Chen(School of Economics and Management,Zhejiang Sci-Tech University,Hangzhou 310018,China;Zhejiang People’s Publishing House,Hangzhou 310006,China)

机构地区：[1]浙江理工大学经济管理学院,杭州310018 [2]浙江人民出版社,杭州310006

出　　处：《管理案例研究与评论》2022年第4期443-454,共12页Journal of Management Case Studies

基　　金：浙江省哲学社会科学规划课题一般项目“控制权代际配置计划与家族企业治理:浙江经验及启示”(20NDJC142YB);浙江省教育厅科研项目“家族企业社会资本代际重塑的机制与实现路径研究”(Y202148231);浙江理工大学科研启动基金项目“中国家族企业代际传承时期的投资策略研究”(20092340-Y)。

摘　　要：基于突发事件为情景,以闰土股份继任者成功重塑家族资本并实现企业价值提升的案例为研究对象,探讨了如何通过重塑金融资本、社会资本和知识资本路径来消除创始人突然离世的负面效应.研究结果发现,家族继任者重塑家族资本取决于金融资本、社会资本和知识资本的耦合性,三者的耦合情况决定家族企业能否顺利应对突发危机.强化金融资本是继任者形成家族资本的首要路径;强化社会资本是继任者发展家族资本的长期路径;强化知识资本是继任者巩固家族资本的短期路径.从家族资本视角揭示了在突发情景下家族企业代际传承的动态过程,对于探索和构建家族企业如何应对突发事件的解决机制具有重要的现实意义.Based on emergencies, this paper takes the successor of Runtu who has successfully remodeled the family capital and realized increased corporate values as the research object, and discusses how to eliminate negative effects of the founder’s sudden death by remodeling financial, social and intellectual capital. The results of the study find that the reshaping of a family capital by family successors depends on the coupling of financial, social and knowledge capital. The coupling of the three determines whether the family business can successfully survive the sudden crisis. Strengthening financial capital is the primary path for successors to form family capital;strengthening social capital is a long-term path for successors to develop family capital;and strengthening intellectual capital is a short-term path for successors to consolidate family capital. From the perspective of family capital, this paper reveals the dynamic process of a family business’ intergenerational inheritance under unexpected scenarios, which is of great practical significance for exploring and constructing a solution mechanism for family businesses to deal with emergencies.

关 键 词：家族企业 突发事件 家族资本 代际传承 

分 类 号：F276[经济管理—企业管理]