In recent years,ranking lists like″The World's Oldest Family Companies″have attracted the attention of Chinese entrepreneurs and academics although not a single Chinese family firm is included in the lists.In contrast to the″Primogeniture″tradition in Japan and some European countries,the″Coparcenary″tradition in China has been considered as an important reason for the short life of Chinese family businesses(like a Chinese proverb goes,″from rags to riches and back to rags in three generations″).However,the...
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