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在当前的资本市场上,通过快速扩张控制多个公司并组成关联的“系族企业”是一些企业 快速成长的基本路径。系族企业中当然也不乏经营优秀的案例,但是,近来资本市场上 系族企业频频出事,从周正毅到德隆,从顾雏军到张海,值得深入分析与反思。 特别是系族企业兴衰之短暂,轨迹之相似,都值得从产业整合、价值链扩张、民营企业发 展等多种角度进行分析:作为系族企业并购扩张赖以支撑的金融链条为什么会断裂,断裂之 后为什么会造成系族企业的全面溃败？
In the current capital markets, “family-owned businesses” that control multiple companies and form related relationships through rapid expansion are some of the basic pathways for rapid business growth. Of course, family-run businesses also have excellent examples. However, recent clashes between family-owned enterprises in the capital markets have taken place. From Zhou Zhengyi to Delong and from Gu Chujun to Zhang Hai, it is worth further analysis and reflection. In particular, the rapid rise and fall of family-owned enterprises and their similar trajectories are worth analyzing from the perspectives of industry consolidation, value chain expansion and the development of private-owned enterprises. Why the financial chain, which is supported by the expansion of family-owned enterprises, breaks down and breaks After why the family business will cause a total defeat?