One-child policy and family firms in China

• Main Authors: CAO, Jerry X., CUMMING, Douglas, WANG, Xiaoming
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: One-child policy; Family firms; Control; Dynastic management; Succession; Asian Studies; Entrepreneurial and Small Business Operations
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/4977; https://ink.library.smu.edu.sg/context/lkcsb_research/article/5976/viewcontent/One_child_family_China_afv.pdf
• 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%, reduces the pro...