Acquisition activity: do firm age and family control matter?

IF 4 3区管理学 Q2 BUSINESS

Eurasian Business Review Pub Date : 2024-02-05 DOI:10.1007/s40821-024-00255-w

Pilar López-Delgado, Julio Diéguez-Soto, María J. Martínez-Romero, Teresa Mariño-Garrido

引用次数: 0

Abstract

This article examines the relationship between firm age and acquisition activity and how family and non-family firms differ in the number of acquisitions they undertake. Inspired by previous research requiring firm age as a focal aspect and literature studying the antecedents of acquisitions, we draw on the SEW perspective to test our hypotheses based on the analysis of the acquisition activity of Asia-Pacific public firms. Our empirical findings support a U-shaped relationship between firm age and acquisition activity. Moreover, the findings reveal that family firms engage in fewer acquisitions than non-family firms irrespective of the age of the firm.

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收购活动：公司年龄和家族控制是否重要？

本文探讨了企业年龄与收购活动之间的关系，以及家族企业与非家族企业在收购数量上的差异。受以往将公司年龄作为一个焦点方面的研究以及研究收购前因的文献的启发，我们借鉴了SEW视角，在分析亚太地区上市公司收购活动的基础上检验了我们的假设。我们的实证研究结果支持企业年龄与收购活动之间的 U 型关系。此外，研究结果表明，无论企业的年龄如何，家族企业的收购活动都少于非家族企业。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Eurasian Business Review Multiple-

CiteScore

6.90

自引率

11.40%

发文量

期刊介绍： The Eurasian Business Review (EABR) publishes articles in Industrial Organization, Innovation and Management Science. In particular, EABR is committed to publishing empirical articles which provide significant contributions in the fields of the economics and management of innovation, industrial and business economics, corporate governance and corporate finance, entrepreneurship and organizational change, strategic management, accounting, marketing, human resources management, and information systems. While the main focus of EABR is on Europe and Asia, papers in the fields listed above on any region or country are highly encouraged. The Eurasian Business Review is one of the two official journals of the Eurasia Business and Economics Society (EBES) and is published quarterly.