Essays on mergers & acquisitions in family firms
- Within this doctoral dissertation, I explore mergers & acquisitions (M&As) in the context of family firms. In particular, I investigate (1) the M&A performance of family firm acquirers compared to non-family firm acquirers, the strategic mechanisms that help explain the relationship between family firm acquirers and M&A performance and the influence of family board involvement on family firm acquirers’ pursuit of M&A strategies by drawing upon the socio-emotional wealth perspective, (2) the M&A motives and processes in acquiring family firms through the lens of the long-term orientation framework, and (3) the restructuring strategies, including divestments via M&As, employed by family firms to poorly performing portfolio firms by drawing upon the escalation of commitment literature coupled with the socio-emotional wealth perspective.
Author: | Marina Désirée Palm |
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URN: | urn:nbn:de:hbz:992-opus4-9818 |
Publisher: | WHU - Otto Beisheim School of Management |
Place of publication: | Vallendar |
Referee: | Nadine Kammerlander, Priscilla Kraft |
Document Type: | Doctoral Thesis |
Language: | English |
Date of Publication (online): | 2024/06/20 |
Date of first Publication: | 2024/06/20 |
Publishing Institution: | WHU - Otto Beisheim School of Management |
Granting Institution: | WHU - Otto Beisheim School of Management |
Date of final exam: | 2022/06/13 |
Release Date: | 2024/06/20 |
Tag: | Familienunternehmen; Fusion Family firm; Mergers & acquisitions |
Page Number: | 188 |
Institutes: | WHU Entrepreneurship and Innovation Group / Institute of Family Business |
Licence (German): | Copyright this PhD thesis |