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
28
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 does the author say about companies controlled by heirs?
选项
A、They are less competitive than competitors that have professional managers.
B、They outperform companies with professional managers in Japan.
C、They deaden talents and energies.
D、They are all controlled by male heirs.
答案
B
解析
细节推断题。根据题干关键词companies controlled by heirs可将答案定位在第一段,该段明确指出,由继承者管理的公司在与职业经理人管理的公司竞争中处于劣势。然而在日本,事情并不是这样。因此选项B正确。A和C选项是一位企业大亨的理论,并非作者的意思。选项D文中未提及。
转载请注明原文地址:https://kaotiyun.com/show/rPi7777K
0
大学英语四级
相关试题推荐
Forthispart,youareallowed30minutestowriteashortcompositionentitledHelpingaSickPasserbyfollowingtheoutlinegi
Onlyhalfofwomenactuallyenjoybeingpraisedandmanyothersmisinterpretwell-meantwords,asoffensive,accordingtoanew
A、Towritedownwhatthewomansays.B、Toasksomeinformationaboutthecompany.C、Tosignacontracttheyhavereached.D、Toh
A、Getsomeavailableinformationaboutthepost.B、Haveabetterunderstandingofhisopponents.C、Showhisinterestandconfide
Whatdostudentsthinkofe-textbooks?AdministratorsatNorthwestMissouriStateUniversitywantedto【B1】______.Earlierthisy
It’sverypopulartoseecollegeanduniversitystudentsspendingtheirvacationpartyinginawarmbarwithnoparentsaroundi
It’sverypopulartoseecollegeanduniversitystudentsspendingtheirvacationpartyinginawarmbarwithnoparentsaroundi
Thewidespreaduseofsearchenginesandonlinedatabaseshasaffectedthewaypeoplerememberinformation,researchersarerepo
Thewidespreaduseofsearchenginesandonlinedatabaseshasaffectedthewaypeoplerememberinformation,researchersarerepo
We’renowwitnessingtheemergenceofanadvancedeconomybasedoninformationandknowledge.Physicallabor,rawmaterials,ami
随机试题
华新文具厂从市区搬往60km外的郊区,由于部分职工仍居住在市区,往返交通极为不便。厂里为解决这部分职工的交通问题,决定向上级单位(华新集团公司)请求批准购买一辆大客车作班车用。请代华新集团公司拟写一份批准性批复,要求格式规范、语言合式、内容充实、
下列叙述错误的是
提示胎盘功能正常的E/C比值是( )。
属于医德活动现象的是( )。
非处方药专有标识的应用范围是
贴现法是指银行向企业发放贷款时,先(),而到期时借款企业偿还全部本金的一种计息方法。
对于古埃及的农民来说,________尼罗河泛滥的规律是性命攸关的大事,因此他们________着去计算天数,小心地记录日期。他们把月亮和星星作为日历。当天狼星在夏天升起的时候,古埃及人知道尼罗河就要泛滥了;接着当新月时候,就是古埃及新一年的开始。依次填入
废藩置县(浙江大学2002年世界近代史真题)
如果学校的财务部门没有人上班,我们的支票就不能人账;我们的支票不能人账,因此,学校的财务部门没有人上班。请在下列各项中选出与上句推理结构最为相似的一句。
A、Theyaregoodatfindingandarrangingmaterials.B、Someofthemscarcelybuildtheirownhouses.C、Someofthemaregoodatb
最新回复
(
0
)