Nurturing and Financing Transgenerational Entrepreneurship

Jeremy C. Y. Cheng (), Kevin Au () and Marshall Jen ()
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Jeremy C. Y. Cheng: The Chinese University of Hong Kong
Kevin Au: The Chinese University of Hong Kong
Marshall Jen: The Chinese University of Hong Kong

Chapter Chapter 9 in Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises, 2021, pp 265-287 from Springer

Abstract: Abstract This chapter focuses on key decisions families owning micro, small and medium enterprises (MSMEs) face in the journey of transgenerational value creation, particularly how they should finance entrepreneurial ventures and activities, within their own family firm or under the family umbrella. It discusses the nature of family money, how this can present both competitive edges and burdens, and how rising-generation ventures should combine family and market capitals to drive longer-term growth in different stages. It explains how families can orchestrate resources for new ventures through the use of business plans, family banks and family investment funds. It examines a few family-owned MSMEs in Hong Kong, to contextualize how families nurture and finance transgenerational entrepreneurship.

Keywords: Family business; Transgenerational entrepreneurship; Financing; Venturing; Resource orchestration (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-9015-3_9

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DOI: 10.1007/978-981-15-9015-3_9

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