| 研究実績の概要 |
The purpose of the research was to check whether family firms manage earnings than non-family firms to show superior performance. Also, the research was aimed to clarify what kind of financial and accounting strategies family firms adopt to achieve superior performance over the non-family firms. Finally, it was intended to check whether the governance elements such as ownership structure, board composition, and audit quality moderate the earnings management behavior of both family and non-family firms in Japan. To answer the above research questions, The researchers were needed to conduct interviews with family firms in both Japan and outside Japan and to collect necessary information on family firms' governance structure and management strategies. However, the COVID-19 related restrictions limited us from conducting field study in Japan and impeded us to visit foreign countries to have interviews and to share our research results at academic conferences. However, we managed to visit some family firms in Japan for field study. Therefore, We hired research assistants to compile necessary data on the listed firms in Japan and to classify them as family and non-family firms using secondary sources such as Japan Exchange Group database, EDINET, Bloomberg, and Bureau Van Dijk (Osiris) database. This means that we have updated our database in the mean time. Side by side, we have finished literature review and written two papers which were published in the refereed journals.
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| 現在までの達成度 (区分) |
現在までの達成度 (区分)
3: やや遅れている
理由
Due to the negative impact of COVID-19 on international traveling, we were not able to visit countries outside Japan to interview family firms and attend international conferences. However, we have managed to collect data on listed family and non-family firms in Japan with the help of research assistants. In the meantime, we have published two papers. Thus, we progressing steadily although a little late.
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| 今後の研究の推進方策 |
As the COVID-19 situation is weakening, We plan to attend international conferences and visit family firms in Japan and in other countries. Also, we plan to include additional variables such as types of family firms by generation to update our dataset. We plan to hire research assistants to complete this job. Also, we have planned to draft another paper titled "Does Foreign Ownership Promote the Performance of Family Firms? Empirical Evidence from Japan". We are planning to send this paper to an international journal.
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