Governance Implications of Attracting External Equity Investors in Private Family Firms

Volume: 35, Issue: 1, Pages: 25 - 44
Published: Feb 1, 2021
Abstract
While research has commonly assumed that business-owning families are concerned about the preservation of control, families are increasingly seeking cooperation with external investors to accomplish firm- or family-level goals. In this paper, we provide a conceptual configuration of the different governance scenarios that may arise when family owners attract outside capital. Combining two important family objectives—(a) to provide liquidity...
Paper Details
Title
Governance Implications of Attracting External Equity Investors in Private Family Firms
Published Date
Feb 1, 2021
Volume
35
Issue
1
Pages
25 - 44
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