Rethinking Social Capital and Entrepreneurship in Greater China
Is Guanxi Still Important?
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 Part I: Guanxi and Entrepreneurship in China 2. The Social Capital for Self-Employment in Transitional China 3. Guanxi-based Corporate Social Capital and Chinese Entrepreneurship 4. Guanxi Circle Phenomenon in the Chinese Venture Capital Industry 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 6. Network Capital and Li & Fung Group in Hong Kong: Four Generations of Inculcation and Inheritance 7. The Changing Corporate Social Capital and Its Implications of Semiconductor Industry in Taiwan 8. Social Capital and the Development of Taiwan’s Pharmaceutical Industry: Comparing Conventional and Biomedicine Firms Part III: Social Capital and Cross Border Linkages 9. Building Industrial Systems in China: The Networking of Taiwanese Machine Tool Firms in China 10. Guanxi and the Ancient Jade Trade: Cross-Border Antique Market in Greater China 11. Transnational Entrepreneurship and Social Capital: the Case of Rebuilding a Mazu Temple from Taiwan to Kunshan, China 12. Epoch Foundation: The Story of the Creation of a Social Innovation Network
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.