Feature Stories


Faculty Insight

Succession and Innovation: A Comparative Study between Chinese and Jewish Family Businesses
By Professor Roger King, Founder and Director of the Tanoto Center for Asian Family Business and Entrepreneurship Studies, HKUST Business School

Overseas Chinese and Jewish diaspora are often seen as manipulative outsiders in their host countries. However, compared to the 40 million overseas Chinese, the 14 million Jewish diaspora have greater influence, directly or indirectly, on the global economy. The Tanoto Center for Asian Family Business and Entrepreneurship Studies at HKUST, under the leadership of the author, explores how the overseas Chinese can learn from the Jewish diaspora in the areas of succession and innovation in family businesses...more

The Consequence of Family Succession on Firm Performance
By Professor Kasper Meisner Nielsen, Department of Finance, HKUST Business School

When heirs take the helm of the family business, it’s bad news for key employees striving for promotion. But is it also bad news for the firm?...more

Popularity of Family Business
By Professor Chen Tai Yuan, Department of Accounting, HKUST Business School

Family businesses, those owned and/or managed by a family, are probably the most popular form of corporate governance in the world. More specifically, in most countries, many public firms, including renowned large ones, remain under the control of families. This phenomenon appears to be more pronounced in East Asia. Even in advanced countries such as the US, family ownership is observed in many firms in the S&P 500 index...more

Transformation and Upgrading: Learning from Leading Mainland Chinese Family Businesses
By Professor Winnie Peng, Associate Director of the Tanoto Center for Asian Family Business and Entrepreneurship Studies, HKUST Business School

Family businesses have sprung up in mainland China since the 1978 reform and opening up policy and, over the years, have become the most significant sector among privately-owned enterprises. It is estimated that family businesses contribute 70 per cent of national GDP - and employ 75 per cent of the nation’s workforce. Over 85 per cent of the private sector consists of family firms, generating about half of tax income in 2016...more

Harilela Enterprises: Passing the Torch in a Family Business

In 2008, the then head of Harilela Enterprises, Dr Hari Harilela, was in his 80s and pondering how to ensure a smooth succession that would eventually place Aron, his only son, at the head of the business and the family...more