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.

The concept of social capital refers to the ways in which people make use of their social networks in "getting ahead." Social capital isn't just about the connections in networks, but fundamentally concerns the distribution of resources on the basis of exchanges. This volume focuses on how social capital interacts with social institutions, based on the premise that markets, communities, and families are the major contexts within which people meet and build up social networks and the foci to create social capital. Featuring innovations in thinking about exchange mechanisms, resource distribution, institutional logics, resource diversity, and the degree of openness or closure of social networks, these chapters present some of the most important advances in this essential field. Paralleling these theoretical developments, the chapters also improve practical methodological work on social capital research, using new techniques and measurement methods for the uncovering of social logics.