Chinese Family Business And The Equal Inheritance System

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Chinese Family Business and the Equal Inheritance System

Author : Victor Zheng
Publisher : Routledge
ISBN 13 : 1135172153
Total Pages : 222 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Chinese Family Business and the Equal Inheritance System by : Victor Zheng

Download or read book Chinese Family Business and the Equal Inheritance System written by Victor Zheng and published by Routledge. This book was released on 2009-12-17 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book disputes the traditional argument that the equal inheritance system hinders the growth of Chinese family business, approaching this not only in terms of economic capital, but also in terms of human capital such as education and leadership, and social networks. Zheng argues that most of the family business patriarchs only focus on the passing on economic capital, but give little attention to human capital and social capital when the come to the stage to transfer control to the next level. It further elaborates that the equal inheritance system itself isn’t the destructive force that weakens family business competitiveness, but can assist economic development by generating dynamism and capital. Based on extensive primary research, the work discusses how equal division encourages sibling comparison, analysing how such comparisons initially generate stress and anxiety but will ultimately galvanize competition, benefiting the business. The author also assesses how family division can offer initial economic human and social capitals that can motivate siblings to start their own businesses and be free from the subjugation sometimes associated with a family firm. Through the evaluation of these issues the book argues that the equal inheritance system can be regarded as the origin of the self-employment mentality, which not only fosters the growth of Chinese family business by plays crucial role in promoting economic development. Providing a valuable contribution to the field, this work will be of great interest to all scholars of Chinese and Asian business.

Chinese Family Business and the Equal Inheritance System

Author : Victor Zheng
Publisher : Routledge
ISBN 13 : 9780203861417
Total Pages : 224 pages
Book Rating : 4.8/5 (614 download)

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Book Synopsis Chinese Family Business and the Equal Inheritance System by : Victor Zheng

Download or read book Chinese Family Business and the Equal Inheritance System written by Victor Zheng and published by Routledge. This book was released on 2009-12-17 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book disputes the traditional argument that the equal inheritance system hinders the growth of Chinese family business, approaching this not only in terms of economic capital, but also in terms of human capital such as education and leadership, and social networks. Zheng argues that most of the family business patriarchs only focus on the passing on economic capital, but give little attention to human capital and social capital when the come to the stage to transfer control to the next level. It further elaborates that the equal inheritance system itself isn’t the destructive force that weakens family business competitiveness, but can assist economic development by generating dynamism and capital. Based on extensive primary research, the work discusses how equal division encourages sibling comparison, analysing how such comparisons initially generate stress and anxiety but will ultimately galvanize competition, benefiting the business. The author also assesses how family division can offer initial economic human and social capitals that can motivate siblings to start their own businesses and be free from the subjugation sometimes associated with a family firm. Through the evaluation of these issues the book argues that the equal inheritance system can be regarded as the origin of the self-employment mentality, which not only fosters the growth of Chinese family business by plays crucial role in promoting economic development. Providing a valuable contribution to the field, this work will be of great interest to all scholars of Chinese and Asian business.

Family Business in China, Volume 1

Author : Ling Chen
Publisher : Springer Nature
ISBN 13 : 3030513955
Total Pages : 182 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Family Business in China, Volume 1 by : Ling Chen

Download or read book Family Business in China, Volume 1 written by Ling Chen and published by Springer Nature. This book was released on 2020-11-30 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike other economies, family businesses in China are greatly affected by the derived Confucian culture, excessive marketization, as well as the seemingly endless institutional supervision by a transitional Chinese government. China has a strong historical legacy, devoted to patriarchal values and strong family-centered traditions. This volume explores the social foundations and historical legacies of families, business families, and family businesses in China. It begins with an overview of a household, family, and clan in ancient China before an examination of the economic, social, and cultural functions that the family system served in Ancient China as well as the four unique features that distinguish the family system in ancient China from those in western societies. It later discusses the evolution of the family system and the rise of family business before the establishment of the People’s Republic of China in 1949. Finally, it evaluates the family system before and after the “Open-up and Reform” in 1978. This interdisciplinary work, incorporating sociological, anthropological, and institutional contexts pertaining to China, offers researchers the first advanced perspective of the development of family firms in China.

Succession and the Transfer of Social Capital in Chinese Family Businesses

Author : Xing Ke
Publisher : V&R unipress GmbH
ISBN 13 : 3847108921
Total Pages : 249 pages
Book Rating : 4.8/5 (471 download)

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Book Synopsis Succession and the Transfer of Social Capital in Chinese Family Businesses by : Xing Ke

Download or read book Succession and the Transfer of Social Capital in Chinese Family Businesses written by Xing Ke and published by V&R unipress GmbH. This book was released on 2018 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first systematic study of the succession process of Chinese family businesses which reveals what is truly happening during the time of hand-over. In explaining the features of the Chinese way of succession, special attention is paid to the transfer of social capital and guanxi, among other cultural and socioeconomic contexts, which could impact the behaviours and decisions of the family business stakeholders. Carefully selected 63 cases of family firms and the authentic words and experiences of the founders and their second generation are of high relevance in helping the readers to understand Chinese family businesses and their successions as well as to learn from their successes or failures.

Crossroads Of Family Businesses In China: Succession And Transformation

Author : Jean S K Lee
Publisher : World Scientific
ISBN 13 : 9811229422
Total Pages : 375 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Crossroads Of Family Businesses In China: Succession And Transformation by : Jean S K Lee

Download or read book Crossroads Of Family Businesses In China: Succession And Transformation written by Jean S K Lee and published by World Scientific. This book was released on 2021-06-08 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crossroads of Family Businesses in China: Succession and Transformation studies the intergenerational succession in family-owned businesses, specifically in the Chinese mainland. With the succession of family businesses over time, transformation is required as it needs to correspond to the world's development to successfully sustain the company. There is a multitude of factors that play their roles accordingly to perform a prosperous accession.Hence, this book highlights common issues such as the challenges for both succession and transformation of the company, the interest of the second generation, introducing the second generation to the business before fully passing on, family culture and morale, the distinction between wealth inheritance and business succession, the unorthodox tradition of mother-to-daughter succession and opening management to professionals. These topics are substantiated by case studies of Chinese family businesses, such as Neoglory Group, Midea, Red Collar, Fotile and even more. The book offers theories, practices and models for strategic transformations during succession.Readers will be able to enjoy insights into a critical evaluation of the intersection between succession and transformation. They will also discover how the different methods of succession utilized by real-life Chinese family-owned businesses affect the businesses' performance. This book will be their first step in constructing a thought on this topic, while indulging in an incredible learning experience.

Family Business in China, Volume 2

Author : Ling Chen
Publisher : Springer Nature
ISBN 13 : 3030514021
Total Pages : 179 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Family Business in China, Volume 2 by : Ling Chen

Download or read book Family Business in China, Volume 2 written by Ling Chen and published by Springer Nature. This book was released on 2021-09-04 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike other economies, family businesses in China are greatly affected by the derived Confucian culture, excessive marketization, as well as the seemingly endless institutional supervision by a transitional Chinese government. China has a strong historical legacy, devoted to patriarchal values and strong family-centered traditions. This volume discusses the current status, upcoming challenges, and future prospects for family businesses in China. It explores unique organizational characteristics that are associated with Chinese family firms, such as being entrepreneurial, having concentrated power in the hands of the family business owners, and extensive family and semi-family involvement in the business. It also discusses shared features of strategic actions among Chinese family firms that include technology innovations, diversification, and internationalization, as well as the political connections that Chinese family firms often have. This book offers researchers a comprehensive overview of small family firms that are likely to be home-based microenterprises as well as large publicly traded business groups that are frequently owned by business families.

The Routledge Companion to Asian Family Business

Author : Ho-Don Yan
Publisher : Routledge
ISBN 13 : 1000374645
Total Pages : 490 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis The Routledge Companion to Asian Family Business by : Ho-Don Yan

Download or read book The Routledge Companion to Asian Family Business written by Ho-Don Yan and published by Routledge. This book was released on 2021-04-27 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: This companion provides broad and in-depth insights into family business in Asia and how Asian family firms navigate in the digital economy. The first part of the book looks at key concepts of family business while the second part presents Asian family firms’ cases from Japan, South Korea, China, Taiwan, Hong Kong, Thailand, Malaysia and other Asian economies. This comprehensive reference will help readers understand how family firms in Asia compete and survive in the world market especially in the digital age and why and how Asian economies can emerge as one of the most dynamic regions in the world.

Chinese Entrepreneurship

Author : Fu-Lai Tony Yu
Publisher : Routledge
ISBN 13 : 1317501802
Total Pages : 180 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Chinese Entrepreneurship by : Fu-Lai Tony Yu

Download or read book Chinese Entrepreneurship written by Fu-Lai Tony Yu and published by Routledge. This book was released on 2015-07-24 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: After more than 30 years of reformations in agriculture, manufacturing and trade and industry, China’s economy has grown to become the second largest in the world. This book examines the contributions of dynamic entrepreneurs to the economic development of mainland China and Hong Kong – an analysis that is largely lacking in existing studies China’s economic stronghold. This book adopts theories of entrepreneurship and market processes as major analytical frameworks to conclude that entrepreneurship is the true engine of growth in mainland China and Hong Kong. Chinese Entrepreneurship focuses on the knowledge drivers and systemic challenges of these businesses to examine how entrepreneurs under uncertainty identify and pursue profit opportunities, and how their efforts have enhanced China’s economic dynamics. This book offers vital insight to students, teachers and researchers of Chinese business and economics, along with Chinese culture and expanding economies.

Routledge Handbook of Asian Regionalism

Author : Mark Beeson
Publisher : Routledge
ISBN 13 : 1136634738
Total Pages : 512 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Routledge Handbook of Asian Regionalism by : Mark Beeson

Download or read book Routledge Handbook of Asian Regionalism written by Mark Beeson and published by Routledge. This book was released on 2012-03-15 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Asian Regionalism is a definitive introduction to, and analysis of, the development of regionalism in Asia, including coverage of East Asia, Southeast Asia and South Asia. The contributors engage in a comprehensive exploration of what is arguably the most dynamic and important region in the world. Significantly, this volume addresses the multiple manifestations of regionalism in Asia and is consequently organised thematically under the headings of: conceptualizing the region economic issues political issues strategic issues regional organizations As such, the Handbook presents some of the key elements of the competing interpretations of this important and highly contested topic, giving the reader a chance to evaluate not just where Asian regionalism is going but also how the scholarship on Asian regionalism is analysing these trends and events. This book will be an indispensable resource for students and scholars of Asian politics, international relations and regionalism.

Handbook of Research on Family Business

Author : Panikkos Poutziouris
Publisher : Edward Elgar Publishing
ISBN 13 : 1781009384
Total Pages : 801 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Handbook of Research on Family Business by : Panikkos Poutziouris

Download or read book Handbook of Research on Family Business written by Panikkos Poutziouris and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 801 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This is a very business-like book in its approach. It has an impressive global reach in its authorship, focal areas and use of evidence; it hits all the major practical challenges of family firms in a spirit that is fresh and current; and it deals with the cutting-edge themes and issues that are uppermost in the minds of owners, executives, advisors and researchers in the field.' – Nigel Nicholson, London Business School, author, Managing the Human Animal, Family Wars and The 'I' of Leadership Acclaim for the first edition: 'The authors have taken a lot of pain in putting this handbook together. As the name indicates, this is an excellent handbook for researchers.' – Global Business Review 'The Handbook of Research on Family Business has collected and synthesized a broad variety of topics by notable researchers who share a common dedication to family business research. This Handbook provides a comprehensive treatment that advances the frontiers of knowledge in family business, provoking valuable thoughts and discussion. The Handbook will serve as both an authoritative and comprehensive reference work for researchers investigating family enterprises.' – A. Bakr Ibrahim, Concordia University, Montreal, Canada 'Although family business research is a young discipline it is both necessary and important. For the wellbeing and future development of our society the survival of prosperous and passionate family business entrepreneurs is indispensable. In order to help the families in business to better understand how to succeed with their enterprises we need qualified and updated research. This book is the answer!' – Hans-Jacob Bonnier, Bonnier Business Press Group, Sweden and 6th Generation Chairman of the Family Business Network – International 'This Handbook is a unique compilation of the most important and the best recent family business research. The field has grown so rapidly that this effort will be a mark for the research to follow. The Handbook of Research on Family Business will be the reference for scholars in family business for many years to come. It will also stimulate new ideas in research.' – John L. Ward, IMD, Switzerland and Northwestern University, US During the previous decade, the multi-disciplinary field of family business has advanced significantly in terms of advances in theory, development of sophisticated empirical instruments, systematic measurement of family business activity, use of alternative research methodologies and deployment of robust tools of analysis. This second edition of the Handbook of Research on Family Business presents important research and conceptual developments across a broad range of topics. The contributors – notable researchers in the field – explore the frontiers of knowledge in family business entrepreneurship and stimulate critical thinking, enriching the repository of theoretical frameworks and methodologies. The Handbook takes a systematic and rigorous approach by providing in-depth insights into the dynamics of family business, its context and the significant role of stakeholders. Ultimately, this scholarly compendium of extant family business papers is an invaluable resource for researchers, educators, family business consultants, family business owner-managers and students.

Succession and the Transfer of Social Capital in Chinese Family Businesses

Author : Xing Ke
Publisher :
ISBN 13 : 9783737008921
Total Pages : pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Succession and the Transfer of Social Capital in Chinese Family Businesses by : Xing Ke

Download or read book Succession and the Transfer of Social Capital in Chinese Family Businesses written by Xing Ke and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first systematic study of the succession process of Chinese family businesses which reveals what is truly happening during the time of hand-over. In explaining the features of the Chinese way of succession, special attention is paid to the transfer of social capital and guanxi, among other cultural and socioeconomic contexts, which could impact the behaviours and decisions of the family business stakeholders. Carefully selected 63 cases of family firms and the authentic words and experiences of the founders and their second generation are of high relevance in helping the readers to understand Chinese family businesses and their successions as well as to learn from their successes or failures.

Innovation, Growth, and Succession in Asian Family Enterprises

Author : Hung-bin Ding
Publisher : Edward Elgar Publishing
ISBN 13 : 1839104333
Total Pages : 256 pages
Book Rating : 4.8/5 (391 download)

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Book Synopsis Innovation, Growth, and Succession in Asian Family Enterprises by : Hung-bin Ding

Download or read book Innovation, Growth, and Succession in Asian Family Enterprises written by Hung-bin Ding and published by Edward Elgar Publishing. This book was released on 2021-03-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scope and depth of family business research have been quickly expanding in the last two decades. The editors and contributors to this book present eight recent studies examining the impact of external or internal family conditions on the innovation, growth, and succession of family firms in Asia.

Tradition and Transformation in a Chinese Family Business

Author : Heung-Wah Wong
Publisher : Routledge
ISBN 13 : 1317427637
Total Pages : 237 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Tradition and Transformation in a Chinese Family Business by : Heung-Wah Wong

Download or read book Tradition and Transformation in a Chinese Family Business written by Heung-Wah Wong and published by Routledge. This book was released on 2019-12-05 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family businesses have been an important part of the economy in Hong Kong, Taiwan, Singapore, and in the Chinese diaspora, and, since the reforms, in mainland China itself. Some people have argued that the success of Chinese family businesses occurs because of the special characteristics and approach of such businesses. This book examines the nature of Chinese family business and the key issues involved by exploring in detail the case of a leading Hong Kong jewellery company which was established in the early 1960s and which has grown to become one of the biggest jewellery manufacturers, exporters, and retailers in post-war Hong Kong. The book considers the motivations of Chinese people to set up their own businesses, outlining the strategies adopted, including the strategies for raising capital, and the qualities of successful Chinese entrepreneurs. It discusses the management of the company, including relations between family members, profit sharing and succession planning, and assesses how conflict and crises are coped with and overcome. It charts the evolution of the company, looking at how it has been transformed into a listed corporation. The book concludes by arguing for the importance of studying Chinese family businesses culturally.

Rethinking Chinese Transnational Enterprises

Author : Leo Douw
Publisher : Psychology Press
ISBN 13 : 9780700715244
Total Pages : 306 pages
Book Rating : 4.7/5 (152 download)

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Book Synopsis Rethinking Chinese Transnational Enterprises by : Leo Douw

Download or read book Rethinking Chinese Transnational Enterprises written by Leo Douw and published by Psychology Press. This book was released on 2001 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work illustrates how Chinese entrepeneurs use business networks to organize capital and labour in order to create new opportunities and overcome difficulties.

Disruptive Innovation in Chinese and Indian Businesses

Author : Peter Ping Li
Publisher : Routledge
ISBN 13 : 1136696121
Total Pages : 266 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Disruptive Innovation in Chinese and Indian Businesses by : Peter Ping Li

Download or read book Disruptive Innovation in Chinese and Indian Businesses written by Peter Ping Li and published by Routledge. This book was released on 2013-03-12 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the rapid development of China and India as new economic powers in global competition, an obvious question is whether these emerging economies are great opportunities or threats. Whilst answers are bound to differ depending on one’s perspective, it is increasingly clear that more local firms, especially local entrepreneurs, from these emerging economies will play a more critical role in global competition by becoming challengers to global incumbents. Indeed, the fact that the majority of their populations are at the bottom of the pyramid, and thus cannot afford products designed for the developed markets, has made these emerging economies fertile ground for developing and applying disruptive innovations. A novel mix of key attributes distinctive from those of established technologies or business models, disruptive innovations are typically inferior, yet affordable and "good-enough" products or services, which originate in lower-end market segments, but later move up to compete with those provided by incumbent firms. This book sheds new light on disruptive innovations both from and for the bottom of the pyramid in China and India, from the point of view of local entrepreneurs and international firms seeking to operate their businesses there. It covers both the theoretical and practical implications of disruptive innovation using conceptual frameworks alongside detailed case studies, whilst also providing a comparison of conditions and strategic options in India and China. Further, unlike existing studies, this book focuses on the neglected perspective of local challengers as the primary players, and in doing so reveals the extent to which the future landscape of global competition may be shaped by disruptive innovation, as well as its capacity to make the world "flatter" and more sustainable. This unique book will be valuable to both scholars and practitioners interested in disruptive innovation and those working in the fields of Asian studies, international business, economics and globalization.

Exploring Transgenerational Entrepreneurship

Author : Pramodita Sharma
Publisher : Edward Elgar Publishing
ISBN 13 : 1781003629
Total Pages : 230 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Exploring Transgenerational Entrepreneurship by : Pramodita Sharma

Download or read book Exploring Transgenerational Entrepreneurship written by Pramodita Sharma and published by Edward Elgar Publishing. This book was released on 2013-11-29 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transgenerational entrepreneurship, as a discipline, examines the processes, resources and capabilities that allow family enterprises to create social and economic value over time in order to succeed beyond the first generation of business owners. While tangible resources such as financial and physical capital are certainly important factors in the long-term success of a family-run business, this book focuses specifically on the role of intangible resources and capabilities, which are less easily quantifiable but equally vital.

Rethinking Social Capital and Entrepreneurship in Greater China

Author : Jenn-Hwan Wang
Publisher : Routledge
ISBN 13 : 1317406397
Total Pages : 248 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Rethinking Social Capital and Entrepreneurship in Greater China by : Jenn-Hwan Wang

Download or read book Rethinking Social Capital and Entrepreneurship in Greater China written by Jenn-Hwan Wang and published by Routledge. This book was released on 2016-05-05 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family networks and wider personal social relationships - guanxi - have long been held to be a significant factor making for the success of many Chinese family businesses, and guanxi is often seen as a special characteristic which shapes the nature of all business in China. This book re-examines this proposition critically, bringing together the very latest research and comparing the situation in different parts of "Greater China" – mainland China, Taiwan and Hong Kong. It considers entrepreneurship, venture capital, intergenerational succession, disputes, family businesses in different sectors of the economy, and particular family businesses. Among the book’s many interesting conclusions is the observation that guanxi capitalism has evolved in different ways in the different parts of Greater China, with the particular institutional setting having a major impact.