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Wealth Doesn't Last 3 Generations:How Family Businesses can Maintain Prosperity

Author

Listed:
  • Jean Lee

    (China Europe International Business School, China)

  • Hong Li

    (Chinese Academy of Social Sciences, China)

Abstract

With 175 family businesses on the Fortune 500 list, from DuPont and Motorola to IBM, there is no doubt that family-run enterprises play an important role in global economic development. Their role is no less significant in China where, in keeping with the country's rapid economic growth, family businesses are emerging in increasing numbers.

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Suggested Citation

  • Jean Lee & Hong Li, 2008. "Wealth Doesn't Last 3 Generations:How Family Businesses can Maintain Prosperity," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6800, December.
    • Handle: RePEc:wsi:wsbook:6800
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