Succession in Chinese family business: transgenerational transmission of social capital in Macao

Resource type
Authors/contributors
Title
Succession in Chinese family business: transgenerational transmission of social capital in Macao
Abstract
Macao is well known for its gaming industry. However, there are also many traditional small-to-medium enterprises which are family-owned and run. There is no doubt that social capital is one of the key competitive advantages that family businesses possess, particularly when it comes to Chinese businesses with strong family values that emphasize the importance of trustworthiness and guanxi (relationships). As opposed to other forms of capital, social capital cannot be passed from one generation to another through the will of the incumbents. So, how is social capital passed on in family businesses from one generation to the next? Based on an in-depth study of five cases of successful family businesses in Macao, this research identified the forms of social capital present in business families and the succession process of these firms. From the generalizations drawn from the five cases, a theoretical framework is proposed to understand the intergenerational transmission of social capital in Chinese family businesses
Series
USJ Theses and Dissertations
Series Number
4
Place
Macao
Publisher
University of Saint Joseph
Date
2022
# of Pages
300
Short Title
Succession in Chinese family business
Library Catalog
Library Catalog (Koha)
Call Number
658.8
Notes
This book is revised based on the author's doctoral's thesis submitted to the University of Saint Joseph in 2021
Citation
Phillips, J. O. L. (2022). Succession in Chinese family business: transgenerational transmission of social capital in Macao. University of Saint Joseph.