Kin-selection Based Altruism and Financing Behavior of Small Business
Analyzing the relationship of kin selection and internal financing, this paper manages to shed light on the social mechanism of the formation of internal financing group in which lenders 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 firm 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.
Familism Small and Mediate-sized Enterprises Internal Financing Kin Selection
Wang Xiao
School of Management, Jinan University, Guangzhou, 510632
国际会议
2009年中国控制与决策会议(2009 Chinese Control and Decision Conference)
广西桂林
英文
71-74
2009-06-17（万方平台首次上网日期，不代表论文的发表时间）