Chinese Family Business and the Equal Inheritance System: Unravelling the Myth

摘要

According to an old Chinese saying, "Great wealth doesn't last beyond three gener-ations" (daifu bu guo sandai). Does this mantra denote the fundamental drawbacks of Chinese family businesses? Or, is it just a myth that has not been fully demystified? It is this secret that Victor Zheng tries to unlock in his book Chinese Family Business and the Equal Inheritance System: Unravelling the Myth. This excellent book, based on Zheng's doctoral dissertation at the University of Hong Kong, represents a significant and fruitful academic endeavour.