Publication: Cultural factors in Chinese family business performance in Thailand
Issued Date
2021-02-01
Resource Type
File Type
video/youtube
ISSN
19394675
10999264
10999264
Other identifier(s)
2-s2.0-85102455994
Rights
Mahidol University
Rights Holder(s)
SCOPUS
Bibliographic Citation
International Journal of Entrepreneurship. Vol.25, No.2 (2021), 1-15
Suggested Citation
Tossapon Luechapattanaporn, Winai Wongsurawat Cultural factors in Chinese family business performance in Thailand. International Journal of Entrepreneurship. Vol.25, No.2 (2021), 1-15. Retrieved from: https://repository.li.mahidol.ac.th/handle/20.500.14594/76449
Research Projects
Organizational Units
Authors
Journal Issue
Thesis
Title
Cultural factors in Chinese family business performance in Thailand
Author(s)
Other Contributor(s)
Abstract
The purpose of this research was to investigate the cultural characteristics of Chinese family business in Thailand and to identify how these characteristics contribute to business performance. A qualitative-led mixed methods strategy was used, incorporating with a business questionnaire (n = 380) and interviews with owners and managers of firms (n = 5). There were three distinct types of practices and values that were identified as unique to Chinese family businesses, namely renqing (reciprocity), guanxi (network relationshisp), and Confucian values (benevolent leadership, prioritising family, and exchanging favours). These values enabled the firm to increase resource access and capacity, to focus on mutual benefit, to meet deadlines and production requirements, to improve internal trust and relationships, and to create long-term relationships. Such practices, however, may also contribute to corruption and poor management. Thus, these cultural factors do create competitive advantage, but must be used carefully.