Chinese Family Business And The Equal Inheritance System

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Chinese Family Business and the Equal Inheritance System

Victor Zheng
Chinese Family Business and the Equal Inheritance System Book PDF

Author : Victor Zheng
Publisher : Routledge
Page : 361 pages
File Size : 42,6 Mb
Release : 2009-12-17
Category : Business & Economics
ISBN : 9781135172145

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Chinese Family Business and the Equal Inheritance System by Victor Zheng Pdf

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

Victor Zheng
Chinese Family Business and the Equal Inheritance System Book PDF

Author : Victor Zheng
Publisher : Routledge
Page : 224 pages
File Size : 41,9 Mb
Release : 2009-12-17
Category : Business & Economics
ISBN : 0203861418

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Chinese Family Business and the Equal Inheritance System by Victor Zheng Pdf

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

Victor Zheng
Chinese Family Business and the Equal Inheritance System Book PDF

Author : Victor Zheng
Publisher : Routledge
Page : 222 pages
File Size : 40,8 Mb
Release : 2009-12-17
Category : Business & Economics
ISBN : 9781135172152

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Chinese Family Business and the Equal Inheritance System by Victor Zheng Pdf

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

Ling Chen,Jian An Zhu,Hanqing Fang
Family Business in China Volume 1 Book PDF

Author : Ling Chen,Jian An Zhu,Hanqing Fang
Publisher : Springer Nature
Page : 182 pages
File Size : 44,5 Mb
Release : 2020-11-30
Category : Business & Economics
ISBN : 9783030513955

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Family Business in China, Volume 1 by Ling Chen,Jian An Zhu,Hanqing Fang Pdf

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

Xing Ke
Succession and the Transfer of Social Capital in Chinese Family Businesses Book PDF

Author : Xing Ke
Publisher : V&R unipress GmbH
Page : 249 pages
File Size : 42,7 Mb
Release : 2018
Category : Capital
ISBN : 9783847108924

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Succession and the Transfer of Social Capital in Chinese Family Businesses by Xing Ke Pdf

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

Jean S K Lee,Anthea Yan Zhang
Crossroads Of Family Businesses In China Succession And Transformation Book PDF

Author : Jean S K Lee,Anthea Yan Zhang
Publisher : World Scientific
Page : 375 pages
File Size : 53,5 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9789811229428

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Crossroads Of Family Businesses In China: Succession And Transformation by Jean S K Lee,Anthea Yan Zhang Pdf

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

Ling Chen,Jian An Zhu,Hanqing Fang
Family Business in China Volume 2 Book PDF

Author : Ling Chen,Jian An Zhu,Hanqing Fang
Publisher : Springer Nature
Page : 179 pages
File Size : 48,5 Mb
Release : 2021-09-04
Category : Business & Economics
ISBN : 9783030514020

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Family Business in China, Volume 2 by Ling Chen,Jian An Zhu,Hanqing Fang Pdf

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

Ho-Don Yan,Fu-Lai Tony Yu
The Routledge Companion to Asian Family Business Book PDF

Author : Ho-Don Yan,Fu-Lai Tony Yu
Publisher : Routledge
Page : 490 pages
File Size : 53,8 Mb
Release : 2021-04-27
Category : Business & Economics
ISBN : 9781000374643

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The Routledge Companion to Asian Family Business by Ho-Don Yan,Fu-Lai Tony Yu Pdf

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

Fu-Lai Tony Yu,Diana S. Kwan
Chinese Entrepreneurship Book PDF

Author : Fu-Lai Tony Yu,Diana S. Kwan
Publisher : Routledge
Page : 180 pages
File Size : 55,5 Mb
Release : 2015-07-24
Category : Business & Economics
ISBN : 9781317501800

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Chinese Entrepreneurship by Fu-Lai Tony Yu,Diana S. Kwan Pdf

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

Mark Beeson,Richard Stubbs
Routledge Handbook of Asian Regionalism Book PDF

Author : Mark Beeson,Richard Stubbs
Publisher : Routledge
Page : 512 pages
File Size : 47,8 Mb
Release : 2012-03-15
Category : Political Science
ISBN : 9781136634734

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Routledge Handbook of Asian Regionalism by Mark Beeson,Richard Stubbs Pdf

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

Panikkos Poutziouris,Kosmas Smyrnios,Sanjay Goel
Handbook of Research on Family Business Book PDF

Author : Panikkos Poutziouris,Kosmas Smyrnios,Sanjay Goel
Publisher : Edward Elgar Publishing
Page : 801 pages
File Size : 48,8 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9781781009383

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Handbook of Research on Family Business by Panikkos Poutziouris,Kosmas Smyrnios,Sanjay Goel Pdf

'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.

Innovation, Growth, and Succession in Asian Family Enterprises

Hung-bin Ding,Hsi-Mei Chung,Andy Yu,Phillip H. Phan
Innovation Growth and Succession in Asian Family Enterprises Book PDF

Author : Hung-bin Ding,Hsi-Mei Chung,Andy Yu,Phillip H. Phan
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 43,7 Mb
Release : 2021-03-26
Category : Business & Economics
ISBN : 9781839104336

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Innovation, Growth, and Succession in Asian Family Enterprises by Hung-bin Ding,Hsi-Mei Chung,Andy Yu,Phillip H. Phan Pdf

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.

Succession and the Transfer of Social Capital in Chinese Family Businesses

Xing Ke
Succession and the Transfer of Social Capital in Chinese Family Businesses Book PDF

Author : Xing Ke
Publisher : Unknown
Page : 128 pages
File Size : 53,6 Mb
Release : 2018
Category : Electronic
ISBN : 3737008922

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Succession and the Transfer of Social Capital in Chinese Family Businesses by Xing Ke Pdf

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.

Disruptive Innovation in Chinese and Indian Businesses

Peter Ping Li
Disruptive Innovation in Chinese and Indian Businesses Book PDF

Author : Peter Ping Li
Publisher : Routledge
Page : 266 pages
File Size : 40,7 Mb
Release : 2013-03-12
Category : Business & Economics
ISBN : 9781136696121

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Disruptive Innovation in Chinese and Indian Businesses by Peter Ping Li Pdf

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.

Rethinking Chinese Transnational Enterprises

Leo Douw,Cen Huang,David Ip,International Institute for Asian Studies
Rethinking Chinese Transnational Enterprises Book PDF

Author : Leo Douw,Cen Huang,David Ip,International Institute for Asian Studies
Publisher : Psychology Press
Page : 306 pages
File Size : 48,7 Mb
Release : 2001
Category : Business & Economics
ISBN : 070071524X

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Rethinking Chinese Transnational Enterprises by Leo Douw,Cen Huang,David Ip,International Institute for Asian Studies Pdf

This work illustrates how Chinese entrepeneurs use business networks to organize capital and labour in order to create new opportunities and overcome difficulties.