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Buyouts of Family Firms
| Content Provider | Scilit |
|---|---|
| Author | Carole, Howorth Nick, Robinson |
| Copyright Year | 2018 |
| Description | Family firms tend to survive longer than firms under other models of ownership. Increasingly, management buyouts (MBOs) or buyins (MBIs) are providing a route for family owners to realize their assets. Family firms account for a significant percentage of all buyouts. The chapter explains the reasons for family business MBO/Is, examines the process for MBO/Is of family firms, with insights into variation in negotiation behaviors and implications for outcomes. It also examines the outcomes of family firm MBO/Is longitudinally, highlights that MBO/Is can trigger an increase in firms' professionalization. Howorth et al. emphasize that professionalization is not a once and for all threshold development stage, as had previously been suggested in the literature, but is a multi-faceted ongoing process. Howorth et al.'s longitudinal analysis showed that professionalization was likely to occur in waves, triggered by changes in ownership and management, and that MBO/Is were particularly important triggers. Book Name: The Routledge Companion to Management Buyouts |
| Related Links | https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.4324/9781315230597-9&type=chapterpdf |
| Ending Page | 186 |
| Page Count | 14 |
| Starting Page | 173 |
| DOI | 10.4324/9781315230597-9 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2018-09-03 |
| Access Restriction | Open |
| Subject Keyword | Book Name: The Routledge Companion To Management Buyouts History and Philosophy of Science Family Firms Survive Behaviors Buyouts Mbo/is Models Howorth Professionalization |
| Content Type | Text |
| Resource Type | Chapter |
