CUHK Business School Research Finds Company Founders Who Were Born into Collectivist Cultures Are Likely to Retain More Company Control Within the Family

HONG KONG SAR, Oct. 28 (Korea Bizwire) – Since its humble beginnings in the wake of the economic reforms and opening up enacted by the late Chinese leader Deng Xiaoping more than three decades ago, family businesses have grown to become the back bone of China’s economic growth. In China, family firms contributed to about 60 percent [...]