Ebihara, Takashi; Kubota, Keiichi; Takehara, Hitoshi; … - In: Japan and the World Economy 32 (2014) C, pp. 1-13
We investigate cost of capital, information asymmetry, and market liquidity of listed family firms vs. non-family firms in Japan. First, we find that the cost of debt is lower and the cost of equity is higher for family firms than non-family firms, but the differences are not significant. The...
