One Child Policy and Family Business in China

• Main Authors: CAO, Xiaping, Cumming, Douglas, Wang, Xiaoming
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: one-child policy; economic growth; family firms; control; dynastic management; succession; China; Business
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/4345
• Institution: Singapore Management University

Family business plays important roles to fuel economic growth in China. Due to the one-child policy, family firms are increasingly facing human capital constraints for within-family succession. Having only one heir decreases the probability of continuing family management by over 3 percent, reduces...