摘要：家族企业是我国民营经济的重要组成部分，对我国的经济具有很大的推动作用，然而我国许多家族企业在第一代、第二代发展壮大以后，有一部分就走向了灭亡，而这其中很大一部分原因是来自财务危机。财务治理是关于财权配置的一系列制度安排和机制设计，我国家族企业高度集中的产权使得财务治理结构围绕着家族纽带而展开，因此家族企业内部财权的合理配置成了本文研究的重点。本文立足于现代公司财务治理理论，借鉴国内外财务治理理论先进的研究成果，结合我国家族企业的特点，从财务治理的治理主体和治理客体两个方面进行研究，找出我国家族企业财务治理方面存在的问题。针对这些问题，本文以日本家族企业（三井财阀）为案例进行分析，综合比较我国家族企业和日本家族企业财务治理方面的特征，找出相应的解决对策。

关键词：家族企业 财务治理 财权配置 人力资本

Abstract : The family business has become the main component of private economy of China and play a significant role in promoting Chinese economy. After developing and growing, some of Chinese family business come to decline. some failures of the family business were often arised in financial crisis. The financial governance is a series of institutional arrangements and mechanism design about allocation of financial power. The highly concentrated property in Chinese family business cause financial governance structure commenced around family ties. So how to distribute the finance governance power properly is the focus of this study.The paper is based on the corporate financial governance theory, draw lessons from domestic and international financial governance theory, research from the family business financial governance main body and object, and analyse the financial governance problems of Chinese family enterprise. To solve these problems, this paper through the case analysis of Japanese family firm(Mitsui zaibatsu) and comprehensive comparison of financial governance characteristics between Chinese and Japanese family business. 

Key words: family business   financial governance   financial right allocation   human capital