skip to main content
Guest
My Research
My Account
Sign out
Sign in
This feature requires javascript
Library Search
Find Databases
Browse Search
E-Journals A-Z
E-Books A-Z
Citation Linker
Help
Language:
English
Vietnamese
This feature required javascript
This feature requires javascript
Primo Search
All Library Resources
All
Course Materials
Course Materials
Search For:
Clear Search Box
Search in:
All Library Resources
Or hit Enter to replace search target
Or select another collection:
Search in:
All Library Resources
Search in:
Print Resources
Search in:
Digital Resources
Search in:
Online E-Resources
Advanced Search
Browse Search
This feature requires javascript
Search Limited to:
Search Limited to:
Resource type
criteria input
All items
Books
Articles
Images
Audio Visual
Maps
Graduate theses
Show Results with:
criteria input
that contain my query words
with my exact phrase
starts with
Show Results with:
Search type Index
criteria input
anywhere in the record
in the title
as author/creator
in subject
Full Text
ISBN
ISSN
TOC
Keyword
Field
Show Results with:
in the title
Show Results with:
anywhere in the record
in the title
as author/creator
in subject
Full Text
ISBN
ISSN
TOC
Keyword
Field
This feature requires javascript
Family Firms & Diversification Through M&A: Evidence From Norway
info:eu-repo/semantics/openAccess
Digital Resources/Online E-Resources
Citations
Cited by
View Online
Details
Recommendations
Reviews
Times Cited
External Links
This feature requires javascript
Actions
Add to My Research
Remove from My Research
E-mail
Print
Permalink
Citation
EasyBib
EndNote
RefWorks
Delicious
Export RIS
Export BibTeX
This feature requires javascript
Title:
Family Firms & Diversification Through M&A: Evidence From Norway
Author:
Andsten, Filip Sander
;
Lee, Tonje Ying
Subjects:
finance
;
finans
Description:
This study examines the behavior of family firms on whether they are more inclined to engage in diversifying M&As than non-family firms due to their high value of control. To analyse this theory, data has been manually collected where ownership, deal, and financial data were available, for completed M&A transactions in Norway from 2000 through 2018. First, we find evidence that family firms are more inclined to pursue diversifying acquisitions. However, we find no significant evidence that family firms with a high value of control, proxied by their leverage, are more inclined to undertake diversifying M&As. Second, when restricting the transactions to only cash financing, it is clear that family firms are still willing to engage in diversifying acquisitions, and significant ly more inclined when the value of control increases. Third, we find no significant proof that family firms have a higher preference to issue long-term debt than short-term debt. Finally, we implement additional robustness regression, with an alternative family firm definition. Based on these results, the study shows an increase in significance for most of the findings, which provides a better understanding of family firm’s behavior in terms of their value of control. Keywords: Family firms, M&A, acquisitions, leverage, diversification, control motives, method of payment. JEL classification: G32, G34.
Publisher:
Handelshøyskolen BI
Creation Date:
2019
Language:
English
Source:
NORA Norwegian Open Research Archives
This feature requires javascript
This feature requires javascript
Back to results list
This feature requires javascript
This feature requires javascript
Searching Remote Databases, Please Wait
Searching for
in
scope:(TDTS),scope:(SFX),scope:(TDT),scope:(SEN),primo_central_multiple_fe
Show me what you have so far
This feature requires javascript
This feature requires javascript