家族企业

Family based system is almostfulfilled during the introduction stage of private enterprises,and it has contributed to capital accumulation outstandingly, butFamily based system has been unfit for the development withthe expansion of private enterprises.

民营企业在其创业初期采用的多是家族制企业制度，这种制度在我国民营企业的资本原始积累阶段，作出了突出的贡献。

The authors choose the proper regress methodology ac- cording to the characteristics of our panel data.

在根据面板数据本身的特征选择适宜回归技术的基础上，通过研究发现，在通过家族控股上市而形成的民营上市公司中，年度内董事会会议次数对企业的市场价值有显著的正向影响，而在通过兼并重组取得控股地位的民营上市公司中，这种影响并不显著；在考虑控股股东现金流权与投票权分离程度的调节作用后发现，随着控股股东现金流权与投票权分离程度的提高，年度内董事会召开会议次数的增加有利于企业市场价值的增加。

As the Chinese society will be confidencebuilding in the family blood relations, the general lack of universalistic trust, the family system becomes the only choice for private enterprise.

由于中国社会将信任建立在家族血缘关系上，社会信任普遍缺失，家族制就成为民营企业的唯一选择。

Deric said with smiles. The audiences will seem to watch two different series because the other main actor Gallen Lo is living in a serious and traditional industry family, while every one in Deric's family is very funny. This series is more suitable for audiences to watch.

温兆伦笑说，整部戏的丰富度可以让观众有好象看了两部戏的乐趣，因为另一男主角罗嘉良为主的家庭是非常严肃正统的企业家族，而他的家族则是每个人都很搞笑，所以观众可以在这部戏看到严肃的商业斗争，也能看到轻松诙谐的一面，这样的戏剧更适合阖家观赏。

Mr. Toyoda and his allies have been saying openly that when he took the top job last year after a 15-year hiatus for the Toyoda clan, he inherited a company weakened by nonfamily predecessors who sacrificed quality for faster growth and fatter margins.

丰田章男及其盟友一直公开表示，当他去年成为15年来首位丰田家族成员总裁后，他继承的是一家在非家族成员前任总裁们手中变得羸弱的企业，那些总裁牺牲了质量来换取更快的增长和更高的利润率。

Mr. Toyoda and his allies have been saying openly that when he took the top job last year after a 15-year hiatus for the Toyoda clan, he inherited a company weakened by nonfamily predecessors who sacrificed quality for faster growth and fatter margins.

丰田章男及其盟友一直公然显示，当他往年景为15年来首位丰田家族成员总裁后，他持续的是一家在非家族成员前任总裁们手中变得羸弱的企业，那些总裁牺牲了质量来换取更快的增添和更兴尽兴的利润率。

Generally, Cluster of Private Enterprises is still obturated on the property right sturcture, lots of them are controlled by individual or family.

从总体来看，集群式民营企业的产权结构还比较封闭，绝大多数企业为个人或家族控制。

In respect to board\'s structure: There exist positive correlation between firm value and setting directorate specialty committee;negative correlation between firm value and board scale,separation of the chairman and general manager;but an inverted U-shaped relationship between firm value and the ratio of family- director.

在董事会结构方面：董事会专业委员会设置与企业价值正相关；董事会规模、董事长与总经理两职分离与企业价值存在负相关关系；而家族成员董事比例与企业价值之间呈倒U型关系。

In ethnic Chinese enterprise, the family controls stock holding and operation.

由于中国家文化的作用，华人企业在血缘基础上建构了关系网络，这种家族控制模式是一种典型的非正式契约治理结构，能够非常有效地降低代理成本和节约交易费用，从而确保华人企业的竞争优势。

During this time the business adopted a strategy of cultivating family alliances to consolidate the iron works in Belfort, about 35 miles north of Toulouse.

在此期间，企业采用建立家族联盟的策略，并购 Toulouse以北 35英里处的 Belfort的炼铁企业。

The crews were able to travel to all corners of China to capture the stunning variety of landscapes and also to feature traditional ways of life, often closely in tune with nature, that are disappearing fast as China modernises.

摄制组亲身走访中国的各个角落捕捉令人惊叹的风景，特别是展示某些传统的生活方式，它们往往融入自然，但却随着中国的现代化而逐渐消失。

Construction of 2 beaches hydroelectric station is on river of elegant rice huller.

二滩水电站建设在雅砻江上。