Chinese Family Business and the Equal Inheritance System: Unravelling the Myth

Chinese Family Business and the Equal Inheritance System: Unravelling the Myth - Routledge Contemporary China Series

Hardback (14 Dec 2009)

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Publisher's Synopsis

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.

About the Publisher

Routledge

Routledge

Routledge is the world's leading academic publisher in the Humanities and Social Sciences. We publish thousands of books and journals each year, serving scholars, instructors, and professional communities worldwide. Our current publishing programme encompasses groundbreaking textbooks and premier, peer-reviewed research in the Social Sciences, Humanities, and Built Environment. We have partnered with many of the most influential societies and academic bodies to publish their journals and book series. Readers can access tens of thousands of print and e-books from our extensive catalogue of titles. Routledge is a member of Taylor & Francis Group, an informa business.

Book information

ISBN: 9780415556385
Publisher: Taylor & Francis
Imprint: Routledge
Pub date:
DEWEY: 338.7
DEWEY edition: 22
Language: English
Number of pages: 205
Weight: 472g
Height: 241mm
Width: 163mm
Spine width: 18mm