The economy of Hong Kong has developed a mix of adaptation mechanisms which has yielded spectacular performance. In one part of the mix, small Chinese family businesses provide an ‘entrepreneurial’ adaptation mechanism which reacts quickly to price signals. Elsewhere ‘peak organizations’...

The family enterprise is capturing increased interest from scholars around the world. Yet research about family business is in its infancy and the diversity of theories and perspectives represented in the developing literature portray a cluttered and conflicted landscape. In the following, we...

We argue that the challenges faced by threshold firms are deeply rooted in governance characteristics (i.e. the incentives, authority and legitimacy) which imbue them with characteristic capabilities, disabilities and path dependencies. Whereas Zahra and Filatotchev (2004) reason the principal...

The Japanese system of corporate governance andin particular the role played by banks andother financial institutions have been thesubject of considerable research andcontroversy in recent years. We estimate theimpact of equity ownership by financialinstitutions on firm performance in Japan...