1st Edition
The Routledge Companion to Asian Family Business Governance, Succession, and Challenges in the Age of Digital Disruption
This companion provides broad and in-depth insights into family business in Asia and how Asian family firms navigate in the digital economy. The first part of the book looks at key concepts of family business while the second part presents Asian family firms’ cases from Japan, South Korea, China, Taiwan, Hong Kong, Thailand, Malaysia and other Asian economies.
This comprehensive reference will help readers understand how family firms in Asia compete and survive in the world market especially in the digital age and why and how Asian economies can emerge as one of the most dynamic regions in the world.
Part I Key Concepts
Governance and Family Entrepreneurship 1. Governance and Complexity in Family Firms: A Framework, Marleen Dieleman, Koay Peng Yen 2. Industry 4.0 and Asian Family Entrepreneurship: A Career Perspective, Jeremy C.Y. Cheng, Roger King 3. Unravelling Entrepreneurial Endeavour: H. S. Lee and the Birth of the Development and Commercial Bank in Malaysia, Victor Zheng, Siu-Lun Wong, Po-San Wan Longevity, Gender Gap, and Tacit Knowledge Innovation 4. Longevity and Disruption–Evidence from Japanese Family Businesses, Toshio Goto 5. Analysis of Family Businesses from a Gender Perspective Evangelina Aranda Garcia, Victor Jesús Martín Cerdeño, Jesús Santos del Cerro 6. Tacit Knowledge Innovation, Generational Change and Enterprise Development: Chinese Family Businesses in Malaysia, Kean Yew Lee, Edmund Terence Gome Comparative Studies 7. Engaging Successors in Family Businesses: Case Studies in Finland and Thailand, Matti Muhos, Anna-Mari Simunaniemi, Heli Kurikkala, Jarna Heinonen, Kongkiti Phusavat, Ramidayu Yousuk 8. Chinese Business Culture and Corporate Networks: An Empirical Examination on Interlocking Directorates for Major Listed Firms in Taiwan, Singapore, Malaysia and Thailand, Zong-Rong Lee 9. Governance in Family Business: Australia and Sri Lanka, Anona Armstrong, Kumudini Heenetigala, Amali Ediriweera 10. Development and Predicaments of Entrepreneurship and Family Businesses in Russia, Anastasia Stepanova, Anastasia Subbotkina, Yuriy Timofeyev
Part II Cases
East Asia: China, Hong Kong, Japan, South Korea, and Taiwan 11. Death Smiles at Us All: Changing Demographics and Succession-Induced Portfolio Entrepreneurship in a Chinese Family Business Group, Jeremy C.Y. Cheng, Kevin Au, Marshall Jen 12. Property Rights and Family Business Succession: The Case of Yung Kee in Hong Kong, Fu-Lai Tony Yu, Diana S. Kwan 13. Trans-generational Entrepreneurship and Survival of Japanese Family Businesses - The Interconnection with Regional Communities, Yasuhiro Ochiai 14. Implementing Agile in a Big Firm-driven Economy: Digital Disruption and Korea’s Retail Chaebol, Solee Shin 15. Family Business and Portfolio Entrepreneurship: The Case of Taiwan’s King Car Group, Liang-Chih Chen, Ho-Don Yan. South-East Asia: Indonesia, Malaysia, Myanmar, the Philippines, and Vietnam 16. Enhancing Local Culinary Potential through Internationalization of Indonesian Family Business, Grisna Anggadwita, Gadaf Rexhepi, Ratih Hendayani, Anandha Martias 17. The Role of Social Capital in Business Resilience: A Case Study of Malaysian Family Business Noor Arfa Batik, Hamrila Abdul Latip, Kosmas X. Smyrnios 18. Understanding Family Business Succession in Myanmar: A Unified Systems Perspective, Rameshwari Ramachandra, Poorani Thanusha 19. Family Inertia as a Barrier to Digital Technology Adaptation by Small Philippine Family Businesses, Andrea Santiago 20. Achievements, Challenges and New Directions of Family Business in Vietnam, Bach Nguyen, Nhung Vu, Van Nguyen Thi Hong South Asia: Bangladesh, India, Nepal, and Pakistan 21. Adaptability with Resource Constraints and Globalization: Family Business Groups of Bangladesh, Farzana Nahid, Mahmud Habib Zaman 22. Indian Family Firms in Emerging Digital Economy: An Analysis of Digital Technology Adoption, Ray Sougata, Santanu Bhadra 23. Creating Value across Generations in Family Run Businesses in Nepal, Sushil Kumar Pant 24. The Risk That Became True – Cases Study of a Pakistani Family Business Portfolio Diversification, Naveed Akhter, Marita Rautiainen, Timo Pihkala, Tuuli Ikäheimonen
Biography
Ho-Don Yan is a Professor at the Department of Economics, Feng Chia University, Taiwan. He received his PhD in economics from the State University of New York at Albany. His research fields include open macroeconomics and entrepreneurship.
Fu-Lai Tony Yu obtained his PhD from the University of New South Wales (ADFA). He taught at Hong Kong Baptist University, Hong Kong Polytechnic University, Monash University (Australia) and Feng Chia University (Taiwan). He is currently Emeritus Professor of Economics at Hong Kong Shue Yan University. His research interests include entrepreneurship, small and medium-sized enterprises, Austrian economics, governmental economics and Asian business systems.
"This book offers a wide coverage of the main aspects related to family business in Asia. It incorporates an appraisal of general concepts, as well as detailed case studies of 14 countries of East Asia, Southeast Asia, and South Asia. Given the importance of family business in the development of Asian economies, and the extent and quality of the contributions, the different experiences reviewed along the book can provide relevant lessons for other countries, both developed and emergent."
Professor Oscar Bajo-Rubio, University of Castilla-La Mancha, Spain
"There is little doubt that the 21st century is going to be Asian. Asia is a wildly diverse, dynamic and complex business landscape and largely driven by family businesses. Academics and practitioners need a clear guide to navigate this complex landscape. The new Routledge Companion on Asian Family Business edited by long-time experts Professors Yan and Yu is a critical guide to not only understand but also engage effectively with Asian family businesses."
Professor Mark Greeven, IMD Business School, Switzerland
"Vibrant family business is definitely one of the driving forces for the prominent economic performance in Asia. This timely book explores the uniqueness of family business across Asia in the era of socio-technical transition. Public policy makers, business leaders, and academic practitioners could all gain critical lessons from the related concepts and distinct cases."
Professor Mei-Chih Hu, Tsing Hua University, Taiwan
"With the gravity of the world economy being shifted toward Asia, this book is timely with its touch on broad issues of family business governance and case studies of different Asian countries, and it proffers a useful guide for practitioners and researchers to expand their career horizon."
Emeritus Professor Fangqi Xu, Kindai University, Japan
"The family business has been a dominant form of corporate governance in the Asian business history, and this book is an ambitious magnum opus, approaching the heart of the Asian economy. A global team of scholars and experts, led by Professors Yan and Yu, provides a dynamic realm of the most current knowledge within Asia and across Asia and the world. Every reader will earn insightful guidance for both research and praxis from every chapter of this essential handbook."
Professor Eugene K. Choi, Ritsumeikan University, Japan
