Università della Svizzera italiana

Measures of value in acquisitions : Family versus nonfamily firms

Granata, Darya ; Chirico, Francesco

In: Family business review, 2010, vol. 23, no. 4, p. 341-354

This article sheds light on the valuation of family firms when compared with nonfamily firms as acquisition targets. The authors argue that although the majority of theoretical and empirical research explicitly recognizes the prevalence and superior performance of family firms around the world, acquiring companies tend to regard family firms as unprofessional and inefficient organizations,...

Università della Svizzera italiana

Sale : an alternative succession route for family firms : Valuation issues and acquirers’ perception

Granata, Darya ; Colombo, Gianluca (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2010 ; 2010ECO003.

Family firms form the majority of organizations around the world, but only few survive beyond the first generation. However, very little has been said about succession routes alternative to intergenerational transfer. This thesis focuses on sale of family businesses, with a particular emphasis on valuation and acquirers’ perception of family firm targets. In order to cope with the research...