本文以深市主板A股中的207家民营企业和其中96家家族类上市公司2012-2016年的数据为样本，分析了家族控制对公司国际化绩效的影响，以及治理结构从中起到的调节作用。研究主要得出以下结论：（1）家族类与非家族类上市公司的国际化绩效相比较，家族色彩在企业中的渗入会对国际化业务发展有负面影响。（2）家族对企业的控制程度和国际化绩效之间呈负相关关系。（3）在家族控制性较强的企业中，更多的家族成员加入董事会或经营层会对国际化绩效有正向调节作用（内向式主导的治理模式），而在非控制性的家族企业中，更多外部职业经理人的加入会对国际化绩效有正向调节作用（外向式主导模式）。

Based on the data of 207 main board listed private-owned companies of Shenzhen stock market between 2012 and 2016, and 96 family firms of them, this paper analyzes and examines the relationship between family control and international performance, as well as the moderating effect of management structure. The result shows that: (1) Compared to family firms, non-family firms tend to have better international performance. (2) International performance is negatively related to the extent of family control. (3) In firms with stronger family control, the more participation of family members in the board of director and enterprise management, the better the international performance will be (inward managerial mode). While in non-family-controlled firms, introduction of external managers will positively affect international performance (outward managerial mode).