Family firms and their participation in cross-border acquisition waves
Evidence from India
Bibliographic Data
| ID | 13021459 |
|---|---|
| Authors | Mohammad Fuad (0000-0002-5909-7463, Indian Institute of Management Ahmedabad, corresponding author), Vinod Thakur (0000-0001-7695-3746, Indian Institute of Management Lucknow), Ashutosh Kumar Sinha (0000-0001-7274-6790, Indian Institute of Management Lucknow) |
| Year | 2021 |
| Volume | 28 |
| Issue | 4 |
| Pages | 791-814 |
| Publication date | 2021-07-03 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Cross Cultural & Strategic Management (JOURNAL) |
| Journal identifiers | ISSN: 2059-5794 • E-ISSN: 2059-5808 |
| Publisher | Emerald Publishing Limited (PUBLISHER • GB) |
| DOI | 10.1108/ccsm-05-2020-0107 |
| OpenAlex | W3194982918 |
| Language | EN |
| Citations received | 1 |
| References cited | 95 |
Purpose From the socioemotional wealth (SEW) perspective, family firms prioritize non-financial goals and show risk averse behaviour towards conducting acquisitions. In this paper, we study family firms' acquisitive behaviour while participating in CBA waves. Scholars have largely treated the cross border acquisition (CBA) wave and non-wave environments as homogeneous. We theorize that these two environments differ in their uncertainty and risk profiles on account of temporal clustering of acquisition deals. Accordingly, based on the SEW perspective, we examine the preference of family firms to participate in CBA waves. Design/methodology/approach The paper is based on CBAs conducted by Indian family firms between 2000 and 2018. These waves are identified by conducting a simulation based methodology. Findings Our findings suggest that foreign institutional ownership, firm age and acquisition relatedness moderate the relationship between family control and participation in CBA waves. Originality/value Our paper contributes towards the acquisitive behavior of family firms and their participation in CBA waves
Business · Demographic economics · Developmental psychology · Economics · Homogeneous · Microeconomics · Originality · Perspective (graphical · Preference · Socioemotional selectivity theory · Value (mathematics · Corporate Finance and Governance · Family Business Performance and Succession · Psychology · Social Psychology · Working Capital and Financial Performance
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| Unique citing works | 1 |
|---|---|
| Citations per year | 0.2 |
| Citation span | 2021 - 2021 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |