Analysis on the Current Scenario of Succession in Small-to-Medium-Sized Enterprises in Mainland China: Observations from 2016 China Family Business Health Report

Hao Wang () and Ling Chen ()
Additional contact information
Hao Wang: Zhejiang University City College
Ling Chen: Zhejiang University

Chapter Chapter 5 in Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises, 2021, pp 109-161 from Springer

Abstract: Abstract Since China’s reform and opening up, the private economy in Mainland ChinaChina has made great progress and has become an important growth engine of the national economy, employment, and social progress. China’s private enterprises have shown distinct family characteristics. After more than 30 years of development, most private enterprises have entered a critical period of the first trans-generational successionTrans-generational succession. A large number of first-generation entrepreneurs are about to retire. Although the younger generation generally has higher education, these potential successors often lack practical management experience, which makes the process of family business successionFamily business succession painful. Given this background, analyzing the components of “health power,” investigating the health status of Chinese family firms, and exploring a successful trans-generational successionTrans-generational succession path of family firms are of great significance for theoretical research and socioeconomic development. This chapter attempts to shed light on the healthy development of Chinese family firms and provide a mirror for the future development and succession of family firms. The health of family firms in this study is a fusion of the two concepts: both family and firm health. The framework of the external environment, entrepreneurs, entrepreneurial families, and enterprises interacts to form an ecosystem that affects the health of the family firm.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-9015-3_5

Ordering information: This item can be ordered from
http://www.springer.com/9789811590153

DOI: 10.1007/978-981-15-9015-3_5

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().