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Nurturing and Financing Transgenerational Entrepreneurship

In: Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises

Author

Listed:
  • Jeremy C. Y. Cheng

    (The Chinese University of Hong Kong)

  • Kevin Au

    (The Chinese University of Hong Kong)

  • Marshall Jen

    (The Chinese University of Hong Kong)

Abstract

This chapter focuses on key decisions families owning micro, small and medium enterprises (MSMEs) face in the journey of transgenerational value creation, particularly how they should finance entrepreneurial ventures and activities, within their own family firm or under the family umbrella. It discusses the nature of family money, how this can present both competitive edges and burdens, and how rising-generation ventures should combine family and market capitals to drive longer-term growth in different stages. It explains how families can orchestrate resources for new ventures through the use of business plans, family banks and family investment funds. It examines a few family-owned MSMEs in Hong Kong, to contextualize how families nurture and finance transgenerational entrepreneurship.

Suggested Citation

  • Jeremy C. Y. Cheng & Kevin Au & Marshall Jen, 2021. "Nurturing and Financing Transgenerational Entrepreneurship," Springer Books, in: Hsi-Mei Chung & Kevin Au (ed.), Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises, chapter 0, pages 265-287, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-9015-3_9
    DOI: 10.1007/978-981-15-9015-3_9
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    Cited by:

    1. Ailing Liu & Xiaojun Ma & Meimei Zhou & Lichen Zeng & Jijian Lu, 2023. "Performance Model of Youth Entrepreneurship Platform in the Context of Common Wealth Returning to Hometown," Sustainability, MDPI, vol. 15(19), pages 1-18, October.

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