2020 年 9 巻 1 号 p. 133-139
Longevity is central to family-business research, and the factors involved in sustaining firm vitality continue to receive growing attention. This empirical paper focuses longitudinally on Swiss century-old firms and their familial influence, important but relatively untouched subjects in the literature, and addresses firm longevity from new perspectives to respond to the paucity of research, including that of its family influence definition, its heterogeneity, and longitudinal research. Utilizing the proprietary database prepared by the author, the paper identifies 1,747 century-old firms. While majority of them are family firms, only 38% remain solely with the founding family and the rest experienced family transfer(s). This contrasts sharply with Japan, where very few of family firms experienced family transfer. This study contributes to the literature in four ways. First, it presents for the first time a bird's-eye view of Swiss century-old firms and their familial influence. Second, it brings a new perspective of the familial influence on the firm and presents a platform for the global comparative study of the century-old family firms. Third, it sheds light on the familial transfer(s) to examine the impacts of the transfer on both financial and nonfinancial performance.