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What is Family Control in Japanese Corporate Governance about?

This research paper examines the impact of family control on firm profitability and dividend payouts in Japanese publicly listed family firms, focusing on the potential for principal-principal conflicts. The study finds that family board members act as stewards rather than exploiting minority shareholders, and that foreign shareholders enhance firm profitability by supporting family control. The findings challenge the notion of wealth expropriation in family firms within stakeholder-oriented corporate gover

Author

Rifanza Kharisma

Language

EN