本研究是透過文獻回顧與既有資料分析的方式來探討家族企業與財富繼承等問題，本研究採用個案研究來比較在世界各地的財富轉移模式和事業繼承過程的主要區別。使用區域的例子，從美國（Wal-Mart和Cargill公司的案例研究），歐盟（Lego集團，Henkel和Wallenberg家族），台灣（台塑集團和長榮集團）的案例研究。本研究歸結出這三個地區的財富繼承的分析模式及潛在成功的財富轉移路徑。

This thesis is dedicated to wealth transition. The study is based on analyzing existing literature to outline major problems in family business research and wealth succession that have been well-documented and investigated. In order to compare patterns of wealth transfer in various regions of the world and discover primary differences between business succession processes, this research utilizes case studies using regional examples from the United States (case studies of Wal-Mart and Cargill), the European Union (case studies of Lego Group, Henkel and Wallenberg family), and Taiwan (case studies of Formosa Plastics Group and Evergreen Group). The study concludes with analyzing patterns of wealth succession in the three regions and suggests a potential path to successful wealth transfer.

Contents

Chapter 1 Introduction: 1
Section 1-1: Introduction 1
Section 1-2: Purpose and Research Method 1
Section 1-3: Contribution 2
Chapter 2 Literature review: 3
Section 2-1: Existing studies on Western and Asian family business model and wealth succession 3
Section 2-2: Theoretical foundations 4
Section 2-3: Towards a definition of a family firm 4
Section 2-4: Process-based approach to wealth succession 6
Section 2-5: The role of first generation CEO 8
Section 2-6: Challenges for further generations 10
Section 2-7: Factors determining successful wealth succession 13
Section 2-8: Wealth succession and its impact on family firm performance 16
Section 2-9: Country-specific studies 18
Chapter 3 Discussion: 21
Section 3-1: Discussion 21
Chapter 4 Family business succession: 23
Section 4-1: Evidence from American companies 23
Section 4-2: Evidence from European companies 32
Section 4-3: Evidence from Taiwanese companies 46
Chapter 5 Conclusion: 52
Section 5-1: Conclusion 52
References 55

Table of Figures
Figure 1: Family business parallel planning process 29
Figure 2: Future plans of Taiwanese family-owned companies (PWC, 2012) 48

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