publication . Thesis . Other literature type . 2018

What are the corporate governance challenges for family businesses?:A comparison of the United Kingdom and China

Geng, Jia;
Open Access English
  • Published: 01 Jan 2018
  • Publisher: Lancaster University
  • Country: United Kingdom
Abstract
The family business is ubiquitous. Its prevalence in the various forms of capitalisms that exist is a clear indication of its importance. Even throughout China’s history and now within its version of a modern socialist market, the family business has proven to be a foundation of societies. In the United Kingdom (UK), family businesses have been successful and had steady growth thanks to a conducive macro-environment that consisted of a democratic political system, an advanced legal system and a Western socialcultural context. In contrast, China has a socialist and centralised political system. It has an inadequate legal framework for its private-sector and is se...
Subjects
free text keywords: Corporate Governance, Family Business, company law, China, SME
Related Organizations
30 references, page 1 of 2

CHAPTER 1 INTRODUCTION.....................................................................................1 1.1 RESEARCH BACKGROUND.....................................................................................1 1.2 RESEARCH OBJECTIVES .......................................................................................4 1.2.1 Research Objective - China.........................................................................4 1.2.2 Research Objective - A Combined Research of Several Aspects ..............5 1.2.3 Research Objective - Family Businesses ...................................................7 1.3 METHODOLOGY ....................................................................................................8 1.3.1 Social-Legal Methodology ...........................................................................8 1.3.2 Comparative Law Research Approach......................................................10 1.4 THE STRUCTURE OF THIS RESEARCH..................................................................13

CHAPTER 2 HISTORICAL ANALYSIS AND LITERATURE REVIEW .....................16 2.1 THE SIGNIFICANCE OF BUSINESS HISTORY..........................................................16 2.2 THE STUDY OF BUSINESS HISTORY - A COMBINATION OF HISTORY (INCLUDING LEGAL DEVELOPMENTS) AND BUSINESS STUDY.........................................................17 2.3 THE STUDY OF BUSINESS HISTORY AND FAMILY BUSINESSES..............................19 2.4 THE STUDY OF BUSINESS HISTORY AND DEVELOPMENT IN THE UK AND CHINA ....23 2.4.1 Business History in the UK ........................................................................23 2.4.2 China's Business History and Governance Factors ..................................34 2.5 THE LESSONS OF BUSINESS HISTORY .................................................................48

CHAPTER 3 LEGAL SYSTEM AND LEGAL REFORM IN CHINA...........................51 3.1 LEGAL REFORM IN CHINA AND ITS RELATIONSHIP WITH ECONOMIC AND POLITICAL REFORM ..................................................................................................................51 3.2 CHALLENGES DURING LEGAL REFORM - LEGAL FRAMEWORK AND ECONOMY ......60 3.3 CHINESE LEGAL SYSTEM - THE SOCIALIST CHARACTERISTICS OF CHINESE LEGAL SYSTEM ...................................................................................................................63 3.4 CHINESE LEGAL SYSTEM - SOCIALIST AND CENTRALISED POLITICAL CHARACTERISTICS ...................................................................................................65 3.5 CHINESE LEGAL SYSTEM AND CORPORATE GOVERNANCE IN CHINA.....................73 3.5.1 Rule of Man and Rule of Law ....................................................................76 3.5.2 Corporate Governance and China's Reality ..............................................80 Heck, R.K.Z., Hoy, F., Poutziouris, P.Z. and Steier, L.P. “Emerging paths of family entrepreneurship research”, (2008) 46, Journal of Small Business Management, pp. 317-330

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