| 配分額 *注記 |
7,020千円 (直接経費: 5,400千円、間接経費: 1,620千円)
2023年度: 1,170千円 (直接経費: 900千円、間接経費: 270千円)
2022年度: 2,860千円 (直接経費: 2,200千円、間接経費: 660千円)
2021年度: 2,990千円 (直接経費: 2,300千円、間接経費: 690千円)
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| 研究開始時の研究の概要 |
Family firms constitute nearly 70% of the listed firms in Japan. Some researchers also outlined troubles for family firms in Japan. However, in our recent study, we find that family firms in Japan have superior accounting performance compared to non-family firms. This has created interest for us to dig further into the performance of different types of family firms using the earnings management tool.
Specifically, we plan to address the following questions such as "Does the performance of family firms vary by its type?" "Do family firms manage earnings?" and "Do governance factors matter?"
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| 研究実績の概要 |
The primary purpose of the research was to compare the performance of family firms in Japan. The secondary objective was to understand the family firm’s management and financial strategies, which presumably contributed to the long-term success of family firms. In doing so, we have updated our database and published four academic papers (four SSRN working papers, including one accepted by an academic journal). We compiled a case study of family firms in Japan and published it as four separate papers.
Titles of papers we publish include:
“Family Firms, Acquisitions and Divestments, and Long-term Stock Market Performance: The Moderating Effect of Prior Experience,” “Family Firms, Acquisitions and Divestments, and Long-term Stock Market Performance: the Moderating Effect of Prior Experience,” and “Financial Strategies and Family Firm Performance: Evidence from Japan,” by Tianyi Song, Yuichiro Kubo, Kenji Kutsuna, and “Do Family Firms Outperform Non-Family Firms in Japan? Further Evidence Using Foreign Ownership as a Moderator,” by Adhikary, Kojima and Mitra.
We also published case-oriented papers based on interviews and field studies of Japanese family firms that include: 菅原智「コロナ禍の同族経営旅館ー花巻 大沢温泉ー」『産研論集』第51巻、pp.13-22. 児島幸治「ファミリーアントレプレナーシップ－同族経営旅館の事例研究：序説－」『産研論集』第51巻、pp.1-3. 潮清孝・児島幸治「日本橋ホテルかずさや～環境変化と経営転換～」『産研論集』第51巻、pp.5-11. 児島幸治「同族経営旅館によるエフェクチュエーションとファミリーアントレナーシップ」『産研論集』第51巻、pp.57-63.
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