创办于晚清时期的江苏大生纱厂始终是学界十分关注的研究对象。 从现代企业理论的视角出发， 大生纱厂的早期企业制度特征似乎可以归纳为三： 一是 “非大股东” 控制企业的早期产权制度特征；二是 “非职业” 经理阶层治理的企业治理结构特征； 三是 “非盈余” 支付 “股息” 的早期剩余分配制度特征。 考察和解析这三大特征， 不仅对于我们理解早期大生纱厂的企业形态和企业制度演变有着很大的帮助，而且对于讨论和解读中国近代企业制度的生成和起源都有着极为重要的理论意义。

Founded in the late Qing Dynasty，Dasheng cotton mill is always the object of study of the concerned. Starting from the perspective of the modern theory of the firm，early features of Dasheng cotton mill in enterprise system seems to be divided into three: one is“non major shareholder”control enterprise's early features of property right system; the second is the characteristics of corporate governance structure of the “non professional ” manager stratum governance; the third is the “non surplus”to pay “dividends” early surplus distribution system characteristics. Investigation and analysis of the three features，not only for our understanding of the evolution of the early Dasheng cotton mill of the form and system of enterprises has a great help，and generation and origin for the discussion and interpretation of Chinese modern enterprise system has extremely important theoretical significance.