1 AIT Asian Institute of Technology

Degree of family ownership and firm performance : a study of listed companies in Thailand

AuthorPongthep Vichaikul
Call NumberAIT RSPR no.SM-10-05
Subject(s)Family-owned business enterprises--Thailand

Note52 leaves : ill.
PublisherAsian Institute of Technology
Series StatementResearch studies project report ; no. SM-10-05
AbstractBy using the panel data on 533 publicly-traded comp anies in Thailand stock exchanges on 1,266 observations from 2003 to 2007, the resear ch examine the relashionship between degree of family ownership, ownership struc ture and effects of family and external CEOs to the firm performance. The paper shows that the increase in the degree of the family ownership, the greater firm performance. In addition, the marriage networks bri ng even more positive effects to the firm performance in Thailand. As the degree of the family ownership increase with the inclusive of the percentage of the share held by th e marriage networks, the larger firm performance. Moreover, the study notes that the fam ily type of ownership outperforms others type of ownership structure. The findings al so suggest the positive effects from the external CEOs to the firm perofrmance in the no n-family-owned firms.
Year2010
Corresponding Series Added EntryAsian Institute of Technology. Research studies project report ; no. SM-10-05
TypeResearch Study Project Report (RSPR)
SchoolSchool of Management (SOM)
DepartmentOther Field of Studies (No Department)
Academic Program/FoSMaster of Business Administration (MBA) (Publication code=SM)
Chairperson(s)Venkatesh, Sundar
Examination Committee(s)Donyaprueth Krairit;Kumar, Arun
Scholarship Donor(s)RTG Fellowship
DegreeResearch Studies Project Report (M.B.A.) - Asian Institute of Technology, 2010


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