Productivity and survival of family firms in Japan

Masayuki Morikawa

Journal of Economics and Business, 2013, vol. 70, issue C, 125 pages

Abstract: Using data on a large number of Japanese firms, this paper empirically analyzes the relationship between family ownership of firms and productivity growth and survival. The results show that the annual productivity growth rate of family firms is approximately 2% slower than that of non-family firms. Because family firms attach importance to firm survival as a managerial objective, their probability of survival over a six-year period is 5–10% higher than that of non-family firms. The difference in performance between family and non-family firms is found to be limited to unlisted firms.

Keywords: Family firm; Ownership; Productivity; Survival (search for similar items in EconPapers)
JEL-codes: L21 L26 M21 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jebusi:v:70:y:2013:i:c:p:111-125

DOI: 10.1016/j.jeconbus.2012.11.001

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