Corporate Governance in Chinese Family Businesses

Abstract

This chapter focuses on the corporate governance issues specific to Chinese family businesses, primarily due to the intersection of family and firm interests. The discussion begins by exploring the historical evolution of Chinese family businesses and their prominent role in the Chinese economy. It then highlights three key aspects of corporate governance in these businesses as identified in the existing literature. The chapter also examines the contrasts in corporate governance between Chinese and Western businesses, emphasizing cultural and institutional differences. Additionally, it addresses the unique challenges and significant opportunities facing Chinese family businesses. The chapter concludes by proposing potential research directions to enhance our comprehension of corporate governance in this context.

Department(s)

Business and Information Technology

Keywords and Phrases

Agency problems; China; Corporate governance; Cultural and institutional differences; Family business; Succession

International Standard Book Number (ISBN)

978-103531260-3;978-103531261-0

Document Type

Article - Journal

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 2025 Edward Elgar Publishing, All rights reserved.

Publication Date

01 Jan 2025

Link to Full Text

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