跨国收购浪潮中的进入时机混合赌博:对家族企业的研究

IF 9.9 1区 管理学 Q1 BUSINESS
Mohammad Fuad, Vinod Thakur, A. Sinha
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引用次数: 14

摘要

我们利用混合赌博的视角来调查跨国收购浪潮背景下家族企业的进入时机决策。我们认为,家族控制的公司在短期SEW和财务损失之间进行权衡,以利于长期SEW和财政收益,同时在CBA浪潮中提前行动。研究结果表明,与非家族控制公司相比,家族控制公司更倾向于早期流动。此外,我们发现,创始人在董事会的存在和收购方的卓越表现放大了混合赌博的权衡,从而加强了家族控制与CBA浪潮中早期运动之间的关系。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Entry Timing as a Mixed Gamble in Cross-border Acquisition Waves: A study of Family Firms
We draw upon the mixed gamble perspective to investigate the entry timing decisions made by family firms in the context of cross-border acquisition (CBA) waves. We argue that family-controlled firms trade-off short-term SEW and financial losses in favor of long-term SEW and financial gains, while moving early in CBA waves. Findings suggest that family-controlled firms have a higher preference for early movement compared with nonfamily-controlled firms. Further, we show that founder’s presence on the board and acquirer’s superior performance amplifies the mixed gamble trade-offs, thereby strengthening the relationship between family control and early movement within CBA waves.
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来源期刊
CiteScore
12.40
自引率
13.60%
发文量
13
期刊介绍: Family Business Review (FBR) has been a refereed journal since 1988, serving as the premier scholarly publication dedicated to the study of family-controlled enterprises. It delves into the dynamics of these businesses, encompassing a range of sizes from small to very large. FBR concentrates not only on the entrepreneurial founding generation but also on family enterprises in subsequent generations, including some of the world's oldest companies. The journal also publishes interdisciplinary research covering families of wealth, family foundations, and offices.
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