Associate Professor Jungwook Shim
|Area and Subject Taught||Business Economics|
|Research Theme(s)||Empirical analysis of family business using long term data on Japanese listed companies|
|Academic Degrees||Ph. D|
|Keywords for Research Field||Economics/Management
Corporate Finance/Corporate Governance
|Office Phone Number||Not Public|
The current my main research interest is family firms. Since Berle and Means’ seminal work (1932), the separation of ownership and management has been taken for granted for a long time. However, La Porta, Lopez-de-Silanes and Shleifer (1999) have demonstrated that the family firms are dominant firm type among listed corporations around the world.
One of impediments to the progress on family firm’s research is data collection. I have collected long term data for family firm’s research during my dissertation. I have made the ownership and board data for all the listed firms in Japan from 1962 to 2004. Furthermore, I collected the family information from various data sources. These data sets are really unique and received high reputation.
Though the research on family firm is booming, there still remain many unanswered questions. Thus, my research goal is to investigate the family firms from various perspectives and rebuild the traditional theory regarding the separation of ownership and control. For purpose this, I have prepared several papers related with family firms in various research fields like finance, management and accounting.
The research of family firms and publication is one of my research goals. I think the ultimate research goal of social science is to understand the human beings. I will try to do my best to understand human beings for the more wealthy and desirable future society.
Notable Publications and Works
- Chang S.J., Shim, J.W., 2015. When Does Transitioning from Family to Professional Management Improve Firm Performance? , Strategic Management Journal 36 (9), 1297-1316.
- Mehrotra, V., Morck, R., Shim, J.W., Wiwattanakantang Y., 2013. Adoptive Expectations: Rising Sons in Japanese Family Firms, Journal of Financial Economics 108 (3), 840-854.
- Mehrotra, V., Morck, R., Shim, J.W., Wiwattanakantang Y., 2011. Must Love Kill the Family Firms? Some Exploratory Evidence, Entrepreneurship Theory and Practice 35 (6), 1121-1148.
- Shim, J.W., Okamuro, H., 2011. Does Ownership Matter in Mergers? A Comparative Study of the Causes and Consequences of Mergers by Family and Non-family firms, Journal of Banking & Finance 35, 193-203.
- Mehrotra, V., Morck, R., Shim, J.W., Wiwattanakantang Y., 2011. Adoptive Expectations: Rising Sons in Japanese Family Firms, NBER Working Paper Series 16874
- Mehrotra, V., Morck, R., Shim, J.W., Wiwattanakantang Y., 2010. Must Love Kill the Family Firms? NBER Working Paper Series 16340