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.
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