本文采用我国339家上市家族企业2006年的数据．分析了家族管理模式对上市家族企业代理成本的影响。本文得出以下结论：（1）两权舍一有利于降低企业的代理成本。其中，创业家族管理者对降低企业代理成本有显著的效果。第二代家族管理者降低代理成本的效果不显著。（2）家族权威、差序式治理对代理成本没有显著的治理效果。本文的研究结论有助于整合代理理论和利他主义理论的争论。%The paper uses 339 listed family businesses＇data in 2006 and analyzes the impact from family management pattern to family business agency costs. The paper draws the following conclusions. （1） The unity of two rights helps reduce the agency costs of the enterprise. The effect of family entrepreneur in family business to reduce enterprise＇s agency cost is significant, and the effect of the second generation of family manager to reduce the agency cost is not significant. （2） Family authority and diversity-orderly governance have not significant effect on agency costs. The conclusions of this study help integrate the controversy of agency theory and altruism theory.
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