Yupana Wiwattanakantang (NUS)

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Yupana Wiwattanakantang


A seminar by Yupana Wiwattanakantang from National University of Singapore

Title: Who is the Boss? Family Control without Ownership in Publicly-traded Japanese Firms

Abstract: We document that 50% of public listed Japanese family firms are still under the control by the founding family 50 years after the IPO. The control of top management is persistent even when ownership stakes becomes insignificant and without the use of dual class shares or pyramids. Examples include eponyms such as Casio, Toyota and Suzuki. The families’ reputation, networks of financiers, and talent correlate with longevity of family control. Our results challenge the lifecycle view of corporations in advanced economies and highlights the importance of intangible “family” assets in understanding the evolution of family control.

Start date:

11am Friday, 12 Jul 2019

End date:

12.30pm Friday, 12 Jul 2019




Yupana Wiwattanakantang

Updated:   8 July 2019 / Responsible Officer:  CBE Communications and Outreach / Page Contact:  College Web Team