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Article: Stock market force that have transformed Hong Kong family businesses

TitleStock market force that have transformed Hong Kong family businesses
令香港家族企業脫胎換骨的股市力量
Authors
KeywordsCorporate governance
Family businesses
Organizational re-structuring
Property market
Stock market
Issue Date2010
PublisherCity University of Hong Kong Press. The Journal's web site is located at http://www.city.edu.hk/rccp/hkjournals.html
Citation
Hong Kong Journal Of Social Sciences, 2010 n. 38, p. 29-58 How to Cite?
香港社會科學學報, 2010 n. 38, p. 29-58 How to Cite?
AbstractThis article attempts to examine the impacts of the stock market on family businesses by using the example of the development of the property market in Hong Kong. Traditionally, family businesses were considered less significant economic force with the characteristics of being small in size, short-lived and ill-managed. This negative image reflects the reality that they lack sufficient capital for business development and a less developed stock market. The authors' in-depth study of ten large family-controlled property developers which went to public when the stock market opened up during the boom in the 1970s shows that when these businesses obtained enough capital, they could take-off, fly high and grow into multinational conglomerates. Since capital is raised from the stock market, the organizational structure, corporate governance and accountability system have also changed accordingly. As a result, some of these successfully-managed Chinese family enterprises have not only cast off their former negative image, but emerged as a dominant force in the Hong Kong economy.
Persistent Identifierhttp://hdl.handle.net/10722/123980
ISSN
2015 SCImago Journal Rankings: 0.101
References

 

DC FieldValueLanguage
dc.contributor.authorZheng, VWTen_HK
dc.contributor.authorWong, SLen_HK
dc.date.accessioned2010-10-15T01:33:37Z-
dc.date.available2010-10-15T01:33:37Z-
dc.date.issued2010en_HK
dc.identifier.citationHong Kong Journal Of Social Sciences, 2010 n. 38, p. 29-58en_HK
dc.identifier.citation香港社會科學學報, 2010 n. 38, p. 29-58-
dc.identifier.issn1021-3619en_HK
dc.identifier.urihttp://hdl.handle.net/10722/123980-
dc.description.abstractThis article attempts to examine the impacts of the stock market on family businesses by using the example of the development of the property market in Hong Kong. Traditionally, family businesses were considered less significant economic force with the characteristics of being small in size, short-lived and ill-managed. This negative image reflects the reality that they lack sufficient capital for business development and a less developed stock market. The authors' in-depth study of ten large family-controlled property developers which went to public when the stock market opened up during the boom in the 1970s shows that when these businesses obtained enough capital, they could take-off, fly high and grow into multinational conglomerates. Since capital is raised from the stock market, the organizational structure, corporate governance and accountability system have also changed accordingly. As a result, some of these successfully-managed Chinese family enterprises have not only cast off their former negative image, but emerged as a dominant force in the Hong Kong economy.en_HK
dc.languagechi-
dc.publisherCity University of Hong Kong Press. The Journal's web site is located at http://www.city.edu.hk/rccp/hkjournals.htmlen_HK
dc.relation.ispartofHong Kong journal of Social Sciencesen_HK
dc.relation.ispartof香港社會科學學報-
dc.subjectCorporate governanceen_HK
dc.subjectFamily businessesen_HK
dc.subjectOrganizational re-structuringen_HK
dc.subjectProperty marketen_HK
dc.subjectStock marketen_HK
dc.titleStock market force that have transformed Hong Kong family businessesen_HK
dc.title令香港家族企業脫胎換骨的股市力量-
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1021-3619&volume=38&spage=29&epage=58&date=2010&atitle=Stock+market+forces+that+have+transformed+Hong+Kong+family+businesses-
dc.identifier.emailZheng, VWT: vzheng@hkucc.hku.hken_HK
dc.identifier.emailWong, SL: slwong@hkucc.hku.hken_HK
dc.identifier.authorityZheng, VWT=rp00885en_HK
dc.identifier.authorityWong, SL=rp00881en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-84859083282en_HK
dc.identifier.hkuros172412-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-84859083282&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume38-
dc.identifier.issue38en_HK
dc.identifier.spage29en_HK
dc.identifier.epage58en_HK
dc.publisher.placeHong Kongen_HK
dc.identifier.scopusauthoridZheng, VWT=37108962000en_HK
dc.identifier.scopusauthoridWong, SL=7404590287en_HK
dc.customcontrol.immutablecsl 141011-

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