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International Conference on Engineering and Business Management (EBM 2010 PAPERBACK)

Chengdu,China,China,3.24-3.26,2010

ISBN: 978-1-935068-05-1 Scientific Research Publishing, USA

Paperback 6066pp Pub. Date: March 2010

Category: Engineering

Price: $280

Title: The International Comparison of the Family Firm Succession Models and its Influential Factors
Source: International Conference on Engineering and Business Management (EBM 2010 PAPERBACK) (pp 146-149)
Author(s): Li-Na WANG, Shanghai Lixin University of Commerce, Shanghai, China, 201620
Abstract: Abstract: This paper compares the succession models from different countries like USA, Japan, and China and analyzes the factors which influence the succession models. According to the paper, it is not the willing of the family but the company governance structure and market system that determine the succession models. The complete governance structure and market monitoring system are the necessary conditions for the family firms to recruit the good professional managers. We cannot blame that “fortune is not going beyond three generations” is due to the succession model of father passes the baton to son.
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