The Impact of Family Control on the Performance and Financial Characteristics of Family Versus Nonfamily Businesses in Japan: A Matched-Pair Investigation

Authors


  • The authors thank two anonymous reviewers and the editor for their helpful advice and comments.

José Allouche, Professor in Management Sciences, IAE de Paris, Université Paris Sorbonne, France; allouche.iae@univ-paris1.fr.

Bruno Amann, Professor in Management Sciences, Université de Toulouse, UPS, LGC, France; tel: +33680186736; publications@bruno-amann.fr.

Jacques Jaussaud, Professor in Management Sciences, Université de Pau et des Pays de l'Adour, France, CREG; jacques.jaussaud@univ-pau.fr.

Toshiki Kurashina, Professor, Konan Daigaku, Japan; toshikikura@yahoo.co.jp.

Abstract

Research on family businesses has undergone rapid development in the past two decades. Broadly speaking, such companies perform better than nonfamily businesses, as recent investigations in Japan support. To obtain a more precise result, this research has applied to the Japanese context a research methodology that has proven its worth in Western cases. On the basis of data covering the years 1998 and 2003, we found better performance among family businesses in Japan.

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