Family Rationality and Family Firms

Author: Li Dong / Country: Mainland China
Publisher:
Publish Date: 2006-07-01
Features: The discussion in this book unfolds along the following logic: Many problems faced by family businesses cannot be adequately explained using the assumption of "individual rationality"; current research concepts, assumptions, and methods regarding family businesses are severely flawed; the lack of (premise assumptions) is the key to why research on family businesses from a multidisciplinary perspective cannot form a unified theoretical foundation; the two different cultural traditions of Eastern and Western societies essentially cultivate two distinct forms of economic rationality; family rationality, represented by Confucianism in Eastern societies, is one of the most important forms of economic rationality; family rationality holds universal significance in economics.