Company management why would recruit their own relatives to do management?

Reasonableness of the existence of family enterprises in China at this stage

In reality, the entrepreneurs of the enterprise first chose the family system is not a serious comparison of a variety of different system performance differences in the choice of the results, but their entrepreneurship had to make a choice of system.

(i) The need to broaden financing channels

(ii) The need for an immaturely developed factor market

The need for a low-trust social structure and China's traditional culture

Saving transaction costs