Succession and the Transfer of Social Capital in Chinese Family Businesses

This is the first systematic study of the succession processes of Chinese family businesses and reveals actual events and situations during handovers. In explaining the features of the Chinese way of succession, special attention is paid to the transfer of social capital and guanxi, among other cultural and socioeconomic contexts, which can impact the behaviours and decisions of family business stakeholders. Sixty-three cases of family firms are carefully selected, and the authentic words and experiences of the founders and the second generations help the reader to understand Chinese family businesses and their successions as well as to learn from their successes and failures.