The top management team (TMT) of family firms is divided into two groups: family and non-family executives. Each group of executives is driven by different and multiple goals and motivations with distinct strategic innovation decision preferences. The centralized ownership and control of firms...

1. Introduction -- 2. Status and characteristics of Chinese family business -- 3. Economic influences of Chinese family business -- 4. Entrepreneurship and family business in China's modernization -- 5. Challenges of family business succession -- 6. Family governance and corporate governance --...

Unlike other economies, family businesses in China are greatly affected by the derived Confucian culture, excessive marketization, as well as the seemingly endless institutional supervision by a transitional Chinese government. China has a strong historical legacy, devoted to patriarchal values...