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Chinese Family Business and the Equal Inheritance System - Unravelling the Myth (Paperback)
Loot Price: R1,708
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Chinese Family Business and the Equal Inheritance System - Unravelling the Myth (Paperback)
Series: Routledge Contemporary China Series
Expected to ship within 12 - 17 working days
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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.
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