Company metamorphosis: professionalization waves, family firms and management buyouts
نویسندگان
چکیده
منابع مشابه
The Professionalization of Family Firms: the Role of Agency Cost Control Mechanisms
The paper focuses on the professionalization of family-firms. The study analyses the role of family and management systems in family business, particularly with regard to the relationship between professionalization and economic performance of family firms. The study analyses the features, the drivers and the effect of professionalization of family firms. All the hypotheses have been tested on ...
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Either voluntarily as mergers and selloffs or involuntarily through hostile takeovers, a massive wave of corporate restructuring took place in the United States in the 1980s (Hoskisson & Turk, 199(3). Often consisting of business liquidations in multidivisional companies, it involved major changes in corporate assets along with major changes in corporate strategy. Restructuring, sometimes invol...
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Tax is one of the effective factors on the decisions and strategies of companies and decision makers in small and medium-sized family firms. The theoretical foundations and empirical evidence indicate that power structures, experiences and culture of family members of these companies can be considered as factors influencing tax aggressiveness. Therefore, the main objective of this study is to e...
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The impact of management buy-outs (MBO) on strategy and management control systems (MCS) is little understood. Previous research by Jones (1992) focused on efficiency-enhancing buy-outs that were a feature of the early development of the market. However, MBOs are heterogeneous and more recent developments have involved ownership changes that stimulate entrepreneurial practices. The novel contri...
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Multivariate statistical analysis is utilized to explore the association between firm strategies, contributions made by venture capitalists and incentives for owners and employees and three exporting variables in a stratified random sample of 147 management buyouts and buyins. Firms focusing upon a diversified product/ service range and/or advertising were significantly more likely to be export...
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ژورنال
عنوان ژورنال: Small Business Economics
سال: 2016
ISSN: 0921-898X,1573-0913
DOI: 10.1007/s11187-016-9761-6