Research on the Mechanism of Family Business Internal Governance Structure’s Influence on Wealth Management Decisions

School of Management, Wanjiang University of Technology, Ma’anshan, China

^* Corresponding author: 2278534216@qq.com

Abstract

Family businesses occupy a significant position in the global economy, and their unique internal governance structures have profound impacts on wealth management decisions. This paper explores the influence mechanisms of internal governance structures on wealth management decisions by examining the characteristics of family business governance. The analysis shows that key elements of governance structure, such as equity concentration, intergenerational succession, family culture and values, and the level of family member participation, play crucial roles in wealth management decisions through mechanisms including interest balancing, risk preferences, and long-term planning. A theoretical framework is constructed to explain how internal governance structures affect wealth management decisions. Policy recommendations are proposed to optimize governance structures, balance family interests with enterprise development, and improve the efficiency of wealth management. This research aims to provide theoretical support and practical guidance for the sustainable development of family businesses.