中文摘要：

从产权契约角度出发，研究家族企业治理问题。以财务资本产权和人力资本产权为基础构建家族企业产权契约治理的动态三环模式。分析了家族企业产权契约治理演进，提出财务资本产权契约主导治理与人力资本产权契约主导治理都不是最佳治理模式。基于家族企业的特殊性，保持家族特色是企业产权契约治理的根本原则，以此为依据提出耦合产权契约协同治理模式。为保证耦合产权契约（显性契约）协同治理达到最佳效果，进一步建立了显性契约（产权契约）与隐性契约（关系契约、文化契约）协同治理模式。

英文摘要：

This paper studies the governance of the family-firm from the property-right contract. Firstly, the authors build dynamic three-circle mode of family-firm property-right contract governance, which is based on financial capital property-right and human capital property-right. And then, we draw the conclusion by analyzing property-right contract governance evolution of the family-firm： neither property-right contract governance administered by financial capital nor property-right contract governance administered by human capital is the best governance model. Maintaining the family characteristics of property-right is the fundamental principle of contract governance because of the special nature of family-firm. So, this paper brings forward collaborative governance model of coupling property-right contract. Finally, we further build collaborative governance model of explicit contract （property-right contract） and implicit contract （ relational contract and cultural contract）, so as to achieve the best effect of the family-firm＇s governance.