A Study on the Intergenerational Succession of Family-Owned Businesses

J. Chen; H. Li

doi:10.4028/www.scientific.net/KEM.426-427.481

Paper Titles

Reducing the Malfunction Signal Noise from NC Machine Tool Bearing Based on the Kalman Filtration
p.463

Research on the Technique of Tool Wear Monitoring in Plunge Milling
p.468

Analysis and Research of Honeycomb Sandwich Structure for MicroSatellite Based on Equivalent Theory
p.472

Development of PCD Combined Tool for Machining Cylinder Block
p.477

A Study on the Intergenerational Succession of Family-Owned Businesses
p.481

An Empirical Analysis on Regional Manufacturing Integration of the Yangtze River Delta Area
p.485

Design of Virtual Enterprises’ Organization Based on Supply Chain Management
p.490

A Network Forensics System Bypassing Web Local Encryption Businesses
p.494

Research on the Mechanism of Sludge Dewatering Treatment by High-Voltage
p.499

HomeKey Engineering MaterialsKey Engineering Materials Vols. 426-427A Study on the Intergenerational Succession of...

A Study on the Intergenerational Succession of Family-Owned Businesses

Abstract:

The training of second generation of successor has been an important task for most family-owned businesses. With groping for many years, the family-owned businesses have searched out a particular model of succession. Transferring the leadership from fathers to sons is very common, with the incumbent and the successor also being initiatively. There results in double succession of property right and management right at the same time and concentration in succession time. In this paper the development process and the character of the succession for family-owned businesses have been analyzed and discussed, and this succession model is presented, which has the general character of family-owned businesses in China, with the particular character of Changzhou. The intergenerational succession is analyzed successfully by means of the model, and the result is validated by the family-owned businesses in Changzhou.