ABSTRACT
Unlike the transfer of economic capital, the transmission of human capital is subtle and complex. However, it is one of the most important factors that affects business continuity, stability and prosperity. Whether in the East or the West, education is generally perceived as the key human capital that not only maintains family status, but also fuels family business expansion. It is also regarded as one of the key indicators of earning power (Brittain 1977). Apart from education, leadership is regarded as another key element of human capital. Unlike education, although the influence of leadership on the development of family and business is more far-reaching and critical, it is more difficult to transfer from one generation to the next. In addition, it is also believed that the result of the transmission is less certain and more unpredictable. In this chapter, light will be shed on these two key types of human capital to see how they affect the fate of family business.
