THE DEVELOPMENT AND CONTINUITY OF LARGE AND SUCCESSFUL CHINESE FAMILY-OWNED ENTREPRENEURSHIPS IN SINGAPORE

Master'sMASTER OF SCIENCE (MANAGEMENT

Dynamics of Family Business: The Chinese Way

Much of the prevailing literature today and even the learned perception of many academic researchers claim that Chinese family businesses face growth restrictions that stem from cultural characteristics, preventing them from developing into full-fledged multinational enterprises. If this view is correct, it is particularly disturbing for Singapore, where public policy is directed at developing local enterprises, which are dominated by Chinese family businesses, into large and successful international corporations in Asia and the rest of the world.This book presents an in-depth study of five Chinese family businesses in Singapore that have overcome supposedly culturally inherent restrictions to growth and have successfully made the intergenerational transitions. They have also grown in size across family generations to become business empires in the Asia Pacific and the West. The analysis of the success factors of these five successful Chinese family businesses includes an examination of cultural and institutional factors, and importantly, the entrepreneurial role of the family business leaders. The success of these five outstanding entrepreneurially oriented Chinese family businesses and the profile of their family business leaders are templates for other Chinese family business leaders and potentially future large and successful Chinese family businesses to follow.KEY FEATURES(1) Breaks the long-held misconception of Western researchers that Chinese family businesses cannot develop into full-fledged multinationals.(2) Detailed case studies of Chinese family businesses across various industries and at different stages of succession by succeeding generations of the family.(3) Features Singapore s successful companies, such as Hong Leong Group Singapore, Eu Yang Sang International Limited, The Hour Glass Limited, Popular Holdings Limited, and Qian Hu Corporation Limited.xii+288hlm.;16x24c

Over the Weberian Wall: Chinese Family Businesses in Singapore

Abstract Overseas Chinese businesses have been characterized as possessing unique cultural attributes or being embedded in specific institutional environments that constrict their growth and lead to them taking on limited economic roles. Familism, particularism, nepotism and the lack of state support (among other cultural and institutional features) it is argued, stand in the way of the emergence of large, successful and enduring firms, and problems of inter-generation transition frequently lead to their demise. This paper argues that such a fatalistic prognosis is misplaced, and uses case studies of successful Chinese family businesses in Singapore to demonstrate how business leaders, as agents, can incorporate, defy, or re-combine elements from the socio-cultural environment in ways that enable continuity and growth. Additionally, this paper highlights the role of a proactive state at play in promoting a specific Chinese mode of doing business based on notions of so-called Confucian capitalism, which despite its culturalist associations, is based on capitalist practices. Keywords: Chinese family business, inter-generation transition, Chinese culture, entrepreneurial agency

Post-East Asian Financial Crisis: Challenges and Opportunities for the Banking and Financial Services Sector in Singapore

The East Asian financial crisis revealed the structural weaknesses of the banking systems in Asia. Post crisis, there were signs of limited recovery of the region in sight, but the region-wide reforms would take some time to complete. This paper identifies the main challenges and opportunities that are posed to the financial sector in Singapore in a post East Asian financial crisis scenario. Preserving the stability of the banking sector whilst engendering a more efficient use of capital remains a central issue in this paper. The paper also evaluates the liberalization measures adopted by the Monetary Authority of Singapore to enhance the development of Singapore as a leading international financial center. </jats:p