The Bulletin of the Center for Research on Regional Economic Systems, the Graduate School of Social Science, Hiroshima University Issue 11
A Note on the Firms registered at JASDAQ
This article examines the growth of SMEs and its ownership structure so that we can obtain necessary data and facts for the development of growth theory of the firms.
JASDAQ which started in 1963 sees the rapid increase of number of firms registered since 1990. The separation between ownership and control was not clear in the firms. We rather recognize that an individual or family holds a substantial portion of the share. There is strong relationship between ownership and control.