File(s) under permanent embargo
Challenges of inter-generational succession in the Chinese Australian family business
journal contribution
posted on 2010-01-01, 00:00 authored by Jing Ye, Melissa ParrisMelissa Parris, Dianne WaddellChinese immigrants have long been a feature of Australia's population mix and play a critical role in the country's economic activities, with particular contribution by Chinese family-owned businesses. Although these family-owned businesses can generate and significantly improve the financial wealth which stems from the family's original fortune, most Chinese family businesses are relatively short-lived, rarely extending beyond one generation. The high mortality rate in family businesses points primarily to the challenges of management succession. There is recognition that inter-generational succession is essential for both the profitability of Chinese family businesses and the welfare of the family as a whole. However, the intentions of inter-generational pursuit of continuity can be subject to the different goals and interests of key participants, as well as the surrounding context in which the business develops. This paper presents issues pertaining to the inter-generational diversity that might challenge the business continuity of Chinese family businesses, through the identification of how individuals perceive, relate to and initiate the succession process.
History
Journal
International journal of management practiceVolume
4Issue
3Pagination
234 - 252Publisher
Inderscience PublishersLocation
Olney, EnglandPublisher DOI
ISSN
1477-9064eISSN
1741-8143Language
engNotes
This paper was also presented at IFERA @ China Family Business Forum (2010 : Beijing, China) on 13-15 January 2010.Publication classification
C1 Refereed article in a scholarly journalCopyright notice
2004-2010, Inderscience Enterprises Limited. All rights reserved.Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC