Rethinking Social Capital and Entrepreneurship in Greater China: Is Guanxi Still Important?, 1st Edition (Paperback) book cover

Rethinking Social Capital and Entrepreneurship in Greater China

Is Guanxi Still Important?, 1st Edition

Edited by Jenn-Hwan Wang, Ray-May Hsung


248 pages | 13 B/W Illus.

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Paperback: 9781138477247
pub: 2018-01-12
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pub: 2016-05-19
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Family networks and wider personal social relationships - guanxi - have long been held to be a significant factor making for the success of many Chinese family businesses, and guanxi is often seen as a special characteristic which shapes the nature of all business in China. This book re-examines this proposition critically, bringing together the very latest research and comparing the situation in different parts of "Greater China" – mainland China, Taiwan and Hong Kong. It considers entrepreneurship, venture capital, intergenerational succession, disputes, family businesses in different sectors of the economy, and particular family businesses. Among the book’s many interesting conclusions is the observation that guanxi capitalism has evolved in different ways in the different parts of Greater China, with the particular institutional setting having a major impact.

Table of Contents

1. Introduction: Guanxi matters? Rethinking Social Capital and Entrepreneurship in Greater China Jenn-hwan Wang, Tsung-Yuan Chen, and Ray-May Hsung Part I: Guanxi and Entrepreneurship in China 2. The Social Capital for Self-Employment in Transitional China Yanjie Bian and Wenbin Wang 3. Guanxi-based Corporate Social Capital and Chinese Entrepreneurship Lei Zhang 4. Guanxi Circle Phenomenon in the Chinese Venture Capital Industry Jar-Der Luo Part II: Social Capital and its Transformation: Taiwan and Hong Kong 5. Social Capital and Entrepreneurship of Next Generation: The Case of the Koo Family in Taiwan Tsai-man C. Ho 6. Network Capital and Li & Fung Group in Hong Kong: Four Generations of Inculcation and Inheritance Victor Zheng and Sui-Lun Wong 7. The Changing Corporate Social Capital and Its Implications of Semiconductor Industry in Taiwan Ray-May Hsung and Yi-Jr Lin 8. Social Capital and the Development of Taiwan’s Pharmaceutical Industry: Comparing Conventional and Biomedicine Firms Jenn-hwan Wang, Han-yo Wu, and Tsung-Yuan Chen Part III: Social Capital and Cross Border Linkages 9. Building Industrial Systems in China: The Networking of Taiwanese Machine Tool Firms in China Liang-Chih Chen 10. Guanxi and the Ancient Jade Trade: Cross-Border Antique Market in Greater China Yu-Ying Lee 11. Transnational Entrepreneurship and Social Capital: the Case of Rebuilding a Mazu Temple from Taiwan to Kunshan, China Shiuh-Shen Chien and Chiu-wan Liu 12. Epoch Foundation: The Story of the Creation of a Social Innovation Network Chao-Tung Wen and Chen-Ya Wang

About the Editors

Jenn-Hwan Wang is a Professor in the Graduate Institute of Development Studies at National Chengchi University, Taiwan.

Ray-May Hsung is a Professor of Sociology at National Chengchi University, Taiwan.

About the Series

Routledge Culture, Society, Business in East Asia Series

Editorial Board:

Heung Wah  Wong (Executive Editor), The University of Hong Kong, Hong Kong, China
Chris Hutton, The University of Hong Kong, Hong Kong, China
Wayne Cristaudo, The University of Hong Kong, Hong Kong, China
Harumi Befu (Emeritus Professor), Stanford University, USA
Shao-dang Yan, Peking University, China
Andrew Stewart MacNaughton, Reitaku University, Japan
William Kelly, Independent Researcher
Keiji Maegawa, Tsukuba University, Japan
Kiyomitsu Yui, Kobe University, Japan

How and what are we to examine if we wish to understand the commonalities across East Asia without falling into the powerful fictions or homogeneities that dress its many constituencies? By the same measure, can East Asian homogeneities make sense in any way outside the biases of East-West personation?

For anthropologists familiar with the societies of East Asia, there is a rich diversity of work that can potentially be applied to address these questions within a comparative tradition grounded in the region as opposed the singularizing outward encounter. This requires us to broaden our scope of investigation to include all aspects of intra-regional life, trade, ideology, culture, and governance, while at the same time dedicating ourselves to a complete and holistic understanding of the exchange of identities that describe each community under investigation. An original and wide ranging analysis will be the result, one that draws on the methods and theory of anthropology as it deepens our understanding of the interconnections, dependencies, and discordances within and among East Asia.

The book series includes three broad strands within and between which to critically examine the various insides and outsides of the region. The first is about the globalization of Japanese popular culture in East Asia, especially in greater China. The second strand presents comparative studies of major social institutions in Japan and China, such as family, community and other major concepts in Japanese and Chinese societies. The final strand puts forward cross-cultural studies of business in East Asia.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Corporate & Business History
SOCIAL SCIENCE / Ethnic Studies / General