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,...