首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
ANDREW CARNEGIE, a 19th-century tycoon, famously said that "inherited wealth deadens talents and energies"—one reason why he gav
ANDREW CARNEGIE, a 19th-century tycoon, famously said that "inherited wealth deadens talents and energies"—one reason why he gav
admin
2017-02-13
53
问题
ANDREW CARNEGIE, a 19th-century tycoon, famously said that "inherited wealth deadens talents and energies"—one reason why he gave most of his fortune to charity. Business research tends to support the Carnegie thesis. Companies controlled by heirs often underperform competitors that have professional managers. Except, apparently, in Japan.
A forthcoming paper in the Journal of Financial Economics finds not only that inherited family control is still common in Japanese business, but that family firms are "puzzlingly competitive" , outperforming otherwise similar professionally managed companies. ? These results suggest family control ’causes’ good performance rather than the converse,’’ say the authors.
Japan boasts some of the world’s oldest family-run businesses, and many family firms—-Suzuki, Matsui Securities, Suhtory—break the rule of steady dynastic decline. So how do Japanese firms do it? The answer, says the paper, is adoption.
Last year more than 81,000 people were adopted in Japan, one of the highest rates in the world.
But, amazingly, over 90% of those adopted were adults. The practice of adopting men in their 20s and 30s is used to rescue biologically ill-fated families and ensure a business heir, says Vikas Mehrotra, of the University of Alberta, the paper’s lead author. "We haven’t come across this custom in any other part of the world." Though the phenomenon has been previously documented, its impact on a company’s competitiveness has not.
Japan’s sliding birth rate has created many one-child families, and although daughters can manage the company back-office, in Japan its outward face must still be male, says Chieko Date. She is one of several marriage consultants who help match ambitious young men and the marriageable daughters of business families.
If the meetings go well, the men agree to drop their own surname and are adopted by their new bride’s family, becoming both the head of the clan and of its business. Ms. Date’s consultancy claims to have brokered 600 of these marriages, known in Japan as mukoyoshi (literally "son-in-law adoption"). Most of her clients are families who own small and medium-sized businesses. She says the union cannot be just a business transaction. If the couples do not like each other, both marriage and business will fail.
In theory, this gives family businesses access to the same-sized talent pool as a professionally managed firm would have, he writes, and may even induce a sturdier work ethic among biological children.
Frustratingly, the paper’s research stops in 2000. Mariko Fujiwara, a sociologist, says more Japanese parents are now willing to accept the end of the family line. But she adds that Japanese marriages will always have cultural and legal implications because the future of so many businesses depends on who takes them over.
What makes the author feel frustrated?
选项
A、More Japanese parents are now willing to accept the end of the family line.
B、The research stops in 2000.
C、If the couples do not like each other, both marriage and business will fail.
D、Adoption can not change the dynastic decline.
答案
B
解析
细节推断题。根据题干关键词the author feel frustrated可将答案定位在末段首句,明确指出,令作者沮丧的原因是研究的终止,因此选项B正确。选项A、C和D选项的陈述与作者沮丧没有必然联系。
转载请注明原文地址:https://kaotiyun.com/show/fPi7777K
0
大学英语四级
相关试题推荐
Forthispart,youareallowed30minutestowriteashortessay.Youshouldstartyouressaywithabriefdescriptionofthepi
Peoplestudytheirfamilyhistoryfordifferentreasons.Forsome,genealogy(家谱学)isimportanttotheir【B1】______.Otherpeople
Onlyhalfofwomenactuallyenjoybeingpraisedandmanyothersmisinterpretwell-meantwords,asoffensive,accordingtoanew
Workingwithtempsharmsyourhealthandwealth.Notonlywillyousufferanxiety【B1】______,you’llgetpaidlesstoo,according
Workingwithtempsharmsyourhealthandwealth.Notonlywillyousufferanxiety【B1】______,you’llgetpaidlesstoo,according
Whatdostudentsthinkofe-textbooks?AdministratorsatNorthwestMissouriStateUniversitywantedto【B1】______.Earlierthisy
It’sverypopulartoseecollegeanduniversitystudentsspendingtheirvacationpartyinginawarmbarwithnoparentsaroundi
Thewidespreaduseofsearchenginesandonlinedatabaseshasaffectedthewaypeoplerememberinformation,researchersarerepo
We’renowwitnessingtheemergenceofanadvancedeconomybasedoninformationandknowledge.Physicallabor,rawmaterials,ami
随机试题
深部血肿、关节出血常见于下列哪一疾病
患者,男性,37岁,反复发作性眩晕1周,眩晕与头部转动有关,查体:颈后部无明显压痛,双上肢感觉肌力反射正常对称,椎动脉扭曲试验(+)。颈部CT检查不能显示
具有补血,截疟,润肠作用的药物是
有权对地方人民法院第一审判决提起上诉的有:()
根据《建设工程工程量清单计价规范》GB50500—2008附录A,土石方工程中,建筑物场地厚度在土30cm以内的,平整场地工程量应()。【2012年真题】
根据国际商会《跟单信用证统一惯例》的规定,如果信用证上未注明“不可撤销”字样,该信用证应视为()。
《征免税证明》的有效期为()。该批机器设备的海关监管期限为()。
下列关于蒙特卡洛模拟法的说法,正确的有()。
下列不属于资源税的纳税人的是()。
下列说法中正确的包括()。
最新回复
(
0
)