Internal Financing of Small Business:An Evolutionary Selection in Kinship System
Analyzing the relationship of kin selection and internal financing, this paper managed to shed light on the social mechanism of the formation of internal financing group in which who offer credit to small businesses. Our analysis shows that, embedded in their community, the most complex social system, small business internal financing is actually a kind of altruistic behavior between the owners and their relatives who constitute the majority of internal financing social group. Their relatives are benefactors and those owners are receivers. The basic purpose of altruistic financing is: firstly, to promote the profitability of the company and that of the benefactor; secondly, to promote the competence of the owners family business so as to keep the familys independent control on it in the long run, and improve the family members and their descendants profitability simultaneously.
Xiao Wang Jun Hu
School of Management Jinan University Guangzhou, 510632
国际会议
南宁
英文
2007-07-20（万方平台首次上网日期，不代表论文的发表时间）