本文通过建立一个基于资产风险之上的家族企业信任与控制模型,指出家族企业的信任与控制机制安排中存在一个资产风险临界点。在临界点以下,家族企业的信任和控制可以采取多种形式;而一旦越过这个临界点,家族企业倾向于采取正式的控制机制,即转向企业管理的制度化和规范化。本文利用广东和浙江的三家家族企业制度转型案例对此模型进行了检验。 By setting up a family business trust and control model based on asset risk, this paper points out that there exists a critical point of asset risk in the arrangement of family business trust and control mechanism. Below the critical point, family business trust and control can take many forms; once crossed this threshold, family businesses tend to adopt a formal control mechanism, that is, to the institutionalization and standardization of business management. This paper tests the model by using the institutional transition cases of three family-owned enterprises in Guangdong and Zhejiang.