Acquisitions, disclosed goals and firm characteristics: A content analysis of family and nonfamily firms

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Title: Acquisitions, disclosed goals and firm characteristics: A content analysis of family and nonfamily firms
Authors: Wright, D
Maija, W
DeMassis, A
Veider, V
Item Type: Journal Article
Abstract: Despite the considerable body of research on acquisitions and their goals, we lack insights on how family firms differ from nonfamily firms in their acquisition goals, particularly in view of the characteristics that distinguish family businesses. Thus, to enhance current understanding, we examine firms’ disclosed goals in their deal announcements and find that firm ownership type is an important determinant of acquisition goals. Drawing on the content analysis of 558 deals from 393 firms, we identify seven goal categories. Our findings contextualize several differences in the goals of family and nonfamily firms, contributing to the family firm and acquisition literatures, offering implications for practice and potential avenues for future research.
Issue Date: 1-Dec-2018
Date of Acceptance: 20-Sep-2018
ISSN: 1877-8585
Publisher: Elsevier
Start Page: 250
End Page: 267
Journal / Book Title: Journal of Family Business Strategy
Volume: 9
Issue: 4
Copyright Statement: © 2018 Elsevier Ltd. All rights reserved. This manuscript is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence
Keywords: 1503 Business And Management
Publication Status: Published
Embargo Date: 2019-11-23
Online Publication Date: 2018-11-23
Appears in Collections:Imperial College Business School

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