Research on the Relationship and Transmission Mechanism between Internal Governance Structure and Wealth Management Decisions in Family Enterprises

Zhilin Zhang, Chunlu Lan and Binwei Zhang

Pinnacle Academic Press Proceedings Series, 2026, vol. 11, 23-30

Abstract: Family enterprises play a vital and indispensable role in the global economy, serving as primary drivers of economic growth, innovation, and employment generation, especially within emerging markets where family control remains highly prevalent. The internal governance structures of these organizations significantly influence their strategic decision-making processes, particularly in critical areas related to wealth preservation, capital investment, risk mitigation, and long-term succession planning. This comprehensive study investigates the intrinsic relationship between the internal governance architecture of family firms and their subsequent wealth management decisions. Furthermore, it systematically explores the underlying transmission mechanisms through which specific governance characteristics-such as ownership distribution, board of directors composition, executive leadership frameworks, and cross-generational involvement-directly affect corporate financial strategies and overarching long-term wealth objectives. By meticulously unpacking these complex organizational dynamics, the research provides a robust conceptual framework for understanding how internal structural configurations shape wealth-related choices and asset allocation in family businesses. Additionally, the findings offer valuable practical insights for family business owners, corporate policymakers, and financial advisors seeking to optimize governance frameworks to ensure sustainable wealth accumulation and seamless intergenerational transitions. Ultimately, this paper contributes to the broader academic discourse on corporate governance by highlighting the unique financial behaviors of family-owned entities and proposing actionable strategies to enhance their economic resilience and competitive advantage in rapidly evolving global markets.

Keywords: family business; internal governance; wealth management; decision making; succession planning (search for similar items in EconPapers)
Date: 2026
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