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A COMPARISON OF FAMILY ANDS NON-FAMILY BUSINESS GROETH IN THE STOCK EXCHANGE OF THAILAND |
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| รหัสดีโอไอ | |
| Creator | Akachai Apisakkul |
| Title | A COMPARISON OF FAMILY ANDS NON-FAMILY BUSINESS GROETH IN THE STOCK EXCHANGE OF THAILAND |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2558 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 7 |
| Journal No. | 1 |
| Page no. | 63-74 |
| Keyword | Family Business, Market Capitalization, CAGR |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | The objective of this study is to compare the performance of family businesses companies against those of non-family businesses listed in the Stock Exchange of Thailand. Family business is defined as meeting the criteria of 1) under the control of the founding family, 2) at least one of the top 5 directors being member(s) of the family, and 3) member(s) of the family (all together) holding significant proportion of the shares to become strategic shareholder. Market capitalization measured by the compound annual growth rate (CAGR) is used as the indicator of business performance for comparison between the Family Business group and the Non-Family Business group. Based on the data for 2009-2014, the CAGR of the Family Business group is found to be higher than that of Non-Family Business group and that of the entire market. The ttest statistics indicates that the higher growth rate is statistically significant at level of 0.05. |
