Relationship between Founder's Control and the Financial Position of Japanese Firms : Empirical Study
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- IMAMURA Akiyo
- University of Tsukuba
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- SHIRATA Cindy Yoshiko
- University of Tsukuba
Bibliographic Information
- Other Title
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- 企業の所有と財務体質との関係に関する研究
- キギョウ ノ ショユウ ト ザイム タイシツ ト ノ カンケイ ニ カンスル ケンキュウ
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Abstract
This study revealed how the structure of corporate ownership affected the financial position. We focused on Japanese family firms. We classified 1,323 Japanese listed manufacturing firms whether 1) the founder or his/her family was included in the top ten shareholders or 2) the founder or his/her family was one of the board members. As the conclusion, we found that firms in which the founder or his/her family was included in both the top ten shareholders and the board members had grown substantially and showed the tendency to accumulate the profit internally more than other types of firms. Also, comparing firms of which the founder or his/her family was included only in board members with firms of which the founder or his/her family was included only in the top ten shareholders, the former showed better financial position than the latter. In this study, when one of the board members was a founder or his/her family, having suitable influence on the financial position was verified.
Journal
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- The Journal of Business Analysis
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The Journal of Business Analysis 28 (0), 37-48, 2012-03-31
Business Analysis Association
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Details 詳細情報について
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- CRID
- 1390001288108237696
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- NII Article ID
- 110009426437
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- NII Book ID
- AN10565090
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- ISSN
- 24331988
- 09110747
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- NDL BIB ID
- 023613435
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- Text Lang
- ja
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- Data Source
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- JaLC
- NDL
- CiNii Articles
- KAKEN
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- Abstract License Flag
- Disallowed