Reference : THE INFLUENCE OF FAMILY OWNERSHIP ON M&AS AND INNOVATION
Dissertations and theses : Doctoral thesis
Business & economic sciences : General management & organizational theory
Entrepreneurship and Innovation / Audit
http://hdl.handle.net/10993/40763
THE INFLUENCE OF FAMILY OWNERSHIP ON M&AS AND INNOVATION
English
Issah, Abdul-Basit mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
29-Aug-2019
University of Luxembourg, ​Luxembourg, ​​Luxembourg
Docteur en Gestion
Hussinger, Katrin mailto
Kaspereit, Thomas mailto
Grimpe, Christoph
Fletcher, Denise Elaine mailto
Bammens, Yannick
[en] Family firms ; Mergers and acquisitions ; Aspiration levels ; Innovation ; Merger waves ; Mixed gambles ; Behavioural angency model (BAM) ; Technology ; Socioemotional wealth
[en] I draw from the concept of mixed gambles to investigate the socioemotional wealth trade-offs associated with high risk strategic decisions such as firm acquisition decisions of family firms. We contrast the predictions from mixed gambles with those of the commonly used behavioural agency model (BAM). Our empirical results for a panel data set of large U.S. firms support the mixed gambles predictions and reject those derived from BAM. They reveal that family firms are more likely to engage in horizontal acquisitions than non-family firms and that the engagement of family firms in horizontal acquisitions is even higher when they are in a gain frame.
Fonds National de la Recherche - FnR
Researchers ; Professionals ; Students ; General public ; Others
http://hdl.handle.net/10993/40763

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