scholarly journals Legal Origin and Corporate Governance for Chinese Family Business: Evidence in Hong Kong, Taiwan and Mainland China

2016 ◽  
Author(s):  
Hugo H.T. Chu
Keyword(s):  
Corporate Governance ◽  
Hong Kong ◽  
Family Business ◽  
Mainland China ◽  
Chinese Family ◽  
Legal Origin

Strategic Choice and the Nature of the Chinese Family Business: An Exploratory Study of the Hong Kong Watch Industry

2003 ◽  
Vol 24 (9) ◽  
pp. 1405-1435 ◽  
Author(s):  
Howard Davies ◽  
Catherine Ma
Keyword(s):  
Hong Kong ◽  
Family Business ◽  
Exploratory Study ◽  
Strategic Choice ◽  
Business Strategies ◽  
Chinese Family ◽  
Continuous Variables ◽  
Strategic Choices ◽  
The Relationship ◽  
Watch Industry

This study examines the relationship between the nature of the Chinese Family Business (CFB) and the business strategies adopted, in the setting of the Hong Kong watch industry. The nature of the CFB is conceptualized and measured as a set of sub-dimensions, represented by continuous variables. It is hypothesized that ‘ CFBness’ is positively associated with ‘traditional’ business strategies, but inhibitive of ‘upgrading’. The results show that the hypotheses are partially supported. While the findings support the view that firms’ strategic choices are constrained by material and ideational influences in their environment, only a small proportion of the variation in business strategies is accounted for by ‘CFB-ness’, leaving ample room for human agency. Overall, the results support a ‘middle view’ between the deterministic and voluntaristic perspectives, whereby firms exercise strategic choice within an environment that predisposes, but does not fix, their behaviour.

INHERITANCE, CHINESE FAMILY BUSINESS AND ECONOMIC DEVELOPMENT IN HONG KONG

2002 ◽  
Vol 10 (04) ◽  
pp. 287-312 ◽  
Author(s):  
VICTOR ZHENG
Keyword(s):  
Economic Development ◽  
Hong Kong ◽  
Family Business ◽  
The Self ◽  
Chinese Family ◽  
Initial Capital ◽  
Self Employment ◽  
Sibling Comparison ◽  
The Family ◽  
Family Based

This paper focuses on the study of inheritance, Chinese family business and economic development in Hong Kong. In this study, it is found that equal inheritance can assist economic development by generating competition and capital. Equal division is a criterion for sibling comparison. Comparison generates stress and anxiety with each son trying to outdo the other. Competition is therefore galvanized. Furthermore, initial capital that is released from partition can motivate sons, who want to be free from subjugation, to start their own business. This is the origin of the self-employment mentality. Both competition and capital are crucial factors for economic development to take place. The strong desire of self-employment mentality also drives Chinese family business to develop its own type of structure: jia-zu ji-tuan [family-based consortium]. Different family members can be diversified into different businesses or professions. These businesses or professions may or may not relate to each other. However, they maintain a certain level of interconnection under the banner of the family [jia-zu] and can support each other during time of crises and difficulties. They can maintain their domination in the community from generation to generation.

In Search of Chinese Paternalistic Leadership

2012 ◽  
Vol 27 (1) ◽  
pp. 34-60 ◽  
Author(s):  
Vivian C. Sheer
Keyword(s):  
Hong Kong ◽  
Empirical Evidence ◽  
Empirical Research ◽  
Basic Characteristic ◽  
Mainland China ◽  
Three Dimensions ◽  
Chinese Family ◽  
Paternalistic Leadership ◽  
Management Communication ◽  
Perceived Outcomes

Extant empirical research fails to support the popular belief that paternalistic leadership (PL) style is a basic characteristic in Chinese organizations. In search of empirical evidence of PL as a practicing style, surveys were conducted with employees from small Chinese family businesses (CFBs) in mainland China and Hong Kong (HK). In the China sample, PL’s three dimensions (authoritarianism, benevolence, and morality) were internally convergent; managers exhibited reasonably high levels of PL, and PL as a whole predicted positive employee-perceived outcomes. In the HK sample, however, PL’s three dimensions showed inconsistent correlations, greatly similar to the extant findings. Consequently, PL as a whole could not be analyzed for that sample. Findings suggest that PL may be restricted only to CFBs in China. Management communication implications are discussed.

scholarly journals Corporate political connection as a determinant of corporate governance in Hong Kong

2020 ◽  
Vol 63 (4) ◽  
pp. 449-475
Author(s):  
Boyce Yung ◽  
Philip Lawton
Keyword(s):  
Corporate Governance ◽  
Hong Kong ◽  
Listed Companies ◽  
Chinese Family ◽  
Political Connection ◽  
Corporate Structure ◽  
Industry Type ◽  
The Relationship ◽  
Unique Dataset

This article reports a study which uses a unique dataset compiled from listed companies in Hong Kong to demonstrate the relationship between corporate political connection with the corporate structure, ownership background and industry type of companies. The study shows that companies with political connection tend to be larger companies while Chinese family-controlled companies and more regulated companies have a higher level of political connection. Identifying the inadequacies of the existing theories in explaining corporate governance in Hong Kong, the article suggests adopting corporate political connection as a determinant of corporate governance in Hong Kong and elsewhere.

Part IV Financial Market Conduct and Misconduct, 10 Corporate Governance

2016 ◽  
Author(s):  
Arner Douglas W ◽  
Hsu Berry FC ◽  
Goo Say H ◽  
Johnstone Syren ◽  
Lejot Paul ◽  
...  
Keyword(s):  
Corporate Governance ◽  
Hong Kong ◽  
Financial Market ◽  
Common Law ◽  
Mainland China ◽  
The United States ◽  
Board Structure ◽  
Market Conduct ◽  
The United Kingdom ◽  
Personal Interests

This chapter addresses corporate governance in Hong Kong. The chapter reviews the ways in which a company’s management is regulated in Hong Kong at common law and equity, by statutory legislation, by the company’s constitutional document (the articles), and by regulatory rules. Such a framework addresses issues such as board structure and operation, the personal interests of directors, dealings between the company and directors, limiting the power of directors, disclosure of information, and the question of when shareholders should be involved in decisions of the board. The chapter shows that due to the domination of companies in Hong Kong by either families or state-owned companies from mainland China, Hong Kong companies have the typical agency problem we see in the United States and the United Kingdom, namely weak performance by the managers, and also suffer from the misappropriation of corporate assets through connected or related party transactions.

Protection of minority shareholders in Hong Kong and China: do culture and institutional design make any difference?

2020 ◽  
Vol 61 (1) ◽  
pp. 53-78
Author(s):  
Wei-Qi Cheng
Keyword(s):  
Corporate Governance ◽  
Hong Kong ◽  
Institutional Design ◽  
Mainland China ◽  
Cultural Influences ◽  
Asian Countries ◽  
Minority Shareholders ◽  
Governance System ◽  
Corporate Governance System ◽  
The Difference

The corporate governance system in Hong Kong and mainland China was transplanted from Western countries. However, the latest ranking in corporate governance in Asia shows that Hong Kong moved to the top of the 2007 ranking above 11 other Asian countries while China was not even included.2 How can such a huge difference be explained? This article compares and discusses the reasons for the difference in corporate governance in Hong Kong and China. In particular, it focuses on discussing local cultural influences and institutional design on the implementation of the system of protection of minority shareholders in Hong Kong and China.

scholarly journals Business Strategy, Technology Development and Characteristics of Asian Firms: An Empirical Study of the Hong Kong Electronics Industry

2018 ◽  
Vol 3 (1) ◽  
pp. 13 ◽  
Author(s):  
David Ko ◽  
Cindy Ge
Keyword(s):  
Hong Kong ◽  
Family Business ◽  
Business Strategy ◽  
Technology Policy ◽  
Developing Economies ◽  
Electronics Industry ◽  
Business Strategies ◽  
Chinese Family ◽  
Technology Strategy ◽  
Original Design

This research explores the phenomenon of firm performance as it relates to the business strategy, characteristics of Chinese Family Business (CFB) in Hong Kong's Electronic Companies, and technology strategy adopted by these firms. The motive to do this research is that there has been very little work on business strategy in export-oriented "developing economies - latecomer economies" as referred by Zahra and Covin (1993). There has also been little work on technology policy/strategy in Hong Kong, although there have been many suggestions that Hong Kong firms "need" to change and up-grade their business strategies. Added to this, Hong Kong firms have interesting characteristics (Chinese Family Business, CFB), which may be related to their business and technology strategies. Performance may be determined by the strategies they adopt. In this research, the key dimensions of "technology strategy/policy" are identified, including Imitation, Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM), which are important in Hong Kong, but which have not been explored much in the literature. Hong Kong firms were selected in this topic since as China is found to become the world's manufacturing base and a lot of that industry, especially in Electronics Industry that this is an important topic.

Sign in / Sign up

Export Citation Format

Share Document