RIEB セミナー （六甲フォーラム共催）
RIEB Seminar （Jointly supported by Rokko Forum）
| 日時： （Date&Time) |
2008年1月24日（木）午後2時から （Thursday, January 24, 2008, 2:00pm〜） |
| ＜第1報告＞ | |
| 報告者： （Speaker） |
Vikas MEHROTRA |
| 所属： （Affiliation） |
アルバータ大学ビジネス学部／一橋大学経済研究所 (School of Business, University of Alberta／Institute of Economic Research, Hitotsubashi University) |
| 論題： （Topic） |
Adoptive Expectations: Rising Son Tournaments in Japanese Family Firms 日本におけるファミリー企業のパフォーマンス |
| ＜第2報告＞ | |
| 報告者： （Speaker） |
Yupana WIWATTANAKANTANG |
| 所属： （Affiliation） |
一橋大学経済研究所 (Institute of Economic Research, Hitotsubashi University) |
| 論題： （Topic） |
The Value of Family Networks: Marriage and Network Formation in Family Business Groups ファミリー・ネットワークの価値−ファミリー・ビジネス・グループにおける結婚とネットワーク形成 |
| 概要： (Abstract) |
This paper investigates the formation of networks of family-owned business groups. We show that marriage of offspring can be used as a corporate strategy to establish family networks. We construct a detailed data set of newlyweds who are the offpring of big-business families in Thailand covering the period from 1991 to 2006. We find positive abnormal returns when the wedding partner is from a politically and economically well-connected family with the weddings associated with a three-day cumulative abnormal return (CAR) of 0.94% and 1.29%, respectively. In addition, we find that the choice of marriage is determined by the family business. Offspring are more likely to choose their spouse from a well-connected family when the family's businesses are more diversified, are in the property and construction industries, depend on government concessions and contracts, and have more leverage. The results suggest that family networks help to provide information and enforce contracts, thus reducing market frictions faced by firms in emerging economies. Our results also suggest that family connections are important in providing access to state resources and contracts. |
| 会場： (Place) |
神戸大学経済学部 中会議室 （第3学舎1階） Medium Meeting Room at the Department of Economics (Third Building 1st floor) |
| 対象： （Intended Audience) |
教員、院生および同等の知識をお持ちの方 Faculty, Graduate Students and People with Equivalent Knowledge |
| 使用言語 （Language) |
英語 English |
| 備考： (Note) |
論文のコピーは研究助成室にご用意しております。 |