A Case Study Successful for Chinese family business

A Case Study Successful for Chinese family business

YAŞAR, Fatih

In order to determine the impaction of financing to corporate performance, Guangdong Province family owned listed corporation family businesses is selected to describe a sovereign form of economic organization throughout the world in terms of contributions. Because of the coincidence of family business failure and the importance of family business within national and local economies, a large percent of family business literature is allocated to the issue of succession. In mainland China, the family, as the basic social unit, has recently regained its importance in economic activity. Starting from the exacting case of a family business located in Guangdong province, this article reviews the practices that reign in the succession of the management of companies. Following this case study, a questionnaire was drawn up and submitted to 15 family businesses. Chinese companies can continue to endure or not, depends on its ability to carry out bold economic reforms and to what extent the characteristics of Chinese companies and originality play. A survey inquiry is used as the research instrument. The results prove that psychosocial needs are more often associated with the potential successors‘ intentions to take over family businesses than other factors.

Conference or Workshop Item
PeerReviewed

2010-06

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