Year of Graduation
Mukoyoushi as a Factor of Japanese Firms Longevity
This paper aims to evaluate the role of adult adoptions in Japanese family businesses. In the context of ageing population, which is one of the most essential issues in modern-day Japan, many firms end up not having a suitable male heir for the company, and the only way for the firm to survive is to adopt an heir (mukoyoushi) into the family. The purpose of this research is to create a full picture of the mukuyoushi adoption in the Japanese culture by including social, cultural and historical factors of this phenomena’s longevity, while mostly focusing on its presence in the business culture and giving specific examples of adopted CEOs in Japanese family firms. We hope that the outcomes of this study will be useful both for academic and practical implications.