Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/197557
Authors: 
Henn, Marisa
Lutz, Eva
Year of Publication: 
2016
Citation: 
[Journal:] The Journal of Entrepreneurial Finance (JEF) [ISSN:] 1551-9570 [Volume:] 18 [Year:] 2016 [Issue:] 2 [Pages:] 1-46
Abstract: 
Our aim is to empirically examine how reasons for using private equity (PE) and prior experience with PE affect the willingness of privately held firms to cede company control. Based on a questionnaire entailing 75 privately held firms backed by PE, we show that family firms cede less control than non-family firms when entering a PE transaction. However, if firms seek funds due to challenges related to ownership changes, the difference between family firms and non-family firms decreases. Moreover, we find that family firms sell more company shares if they are run by a PEexperienced manager.
Subjects: 
Private Equity
Family Firms
Socioemotional Wealth
Finance
Control
JEL: 
G34
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/4.0/
Document Type: 
Article

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