Acquisition and Divestitures in Family and Non-Family Firms
2015 (English)Conference paper, Poster (Refereed)
Combining the core-periphery model with family firm literature, we find that family firms exhibit unique acquisition and divestiture behaviors. Analyzing a sample of Swedish privately held limited companies we find that family firms acquire and divest distant, unrelated and larger but fewer businesses. In addition to economic objectives, family firms pursuing non-economic objectives prefer to buy and sell unrelated businesses at longer geographic distances to lower impact on their core business from their restructuring activities.
Place, publisher, year, edition, pages
Acquisition and divestiture, Family business, Portfolio
IdentifiersURN: urn:nbn:se:hj:diva-34757OAI: oai:DiVA.org:hj-34757DiVA: diva2:1066191
10th FERC Family Enterprise Reseach Conference. Burlington, VT, USA – August 5-9, 2015.