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THE GROWTH OF FAMILY BUSINESS FIRMS LISTED IN THE STOCK EXCHANGE OF THAILAND |
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| รหัสดีโอไอ | |
| Creator | Akachai Apisakkul |
| Title | THE GROWTH OF FAMILY BUSINESS FIRMS LISTED IN THE STOCK EXCHANGE OF THAILAND |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2562 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 11 |
| Journal No. | 1 |
| Page no. | 69-88 |
| Keyword | Family business, Market capitalization, Revenue, EBIT, CAGR |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | This objective of this study is to compare the growth of family business firms listed in the Stock Exchange of Thailand ( SET) to those not being family businesses ( Non- FB) . Firms being classified as family businesses are those 1) being founded by the family, 2) with at least one family member being one of the top five directors and 3) with family members (everyone as a whole) being Strategic Shareholder. The variables examined are market capitalization, revenue, and earnings before interest and tax (EBIT). The data are extracted from the SETSMART database of SET. The Compound Annual Growth Rate (CAGR) for the period 2008-2017 is calculated and compared. The family business firms are found to exhibit higher CAGR for market capitalization, revenue, and EBIT compared to the Non-FB and the entire market. |
