Get access

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


  • 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;

Bruno Amann, Professor in Management Sciences, Université de Toulouse, UPS, LGC, France; tel: +33680186736;

Jacques Jaussaud, Professor in Management Sciences, Université de Pau et des Pays de l'Adour, France, CREG;

Toshiki Kurashina, Professor, Konan Daigaku, Japan;


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.