Show simple item record

dc.contributor.authorNeckebrouck, Jeroen
dc.contributor.authorManigart, Sophie
dc.contributor.authorMeuleman, Miguel
dc.date.accessioned2017-12-02T15:00:27Z
dc.date.available2017-12-02T15:00:27Z
dc.date.issued2016
dc.identifier.doi10.5465/AMBPP.2016.274
dc.identifier.urihttp://hdl.handle.net/20.500.12127/5722
dc.description.abstractThis research increases understanding of agency theory by exploring the influence of divergent principal interests in private firms. Investigating unique panel data on employment levels and employment terms in private equity backed family firms (from 1996 to 2013), findings reveal that, when private equity investors acquire minority positions, family control strongly weakens the positive impact of private equity on employment levels. Alternatively, when private equity investors acquire full control, employment levels increase more in previously family controlled firms compared to nonfamily firms. Results further show that neither majority nor minority private equity investments induce significant changes in employment terms such as wages or the usage of temporary contracts, yet highlight some important selection effects. These results hold broad implications for family firms, private equity investors and policy makers.
dc.language.isoen
dc.subjectAccounting & Finance
dc.subjectPrivate Equity and Venture Capital
dc.titleWorking for divergent principals: effects of private equity on employment practices in family firms
dc.source.issue2016
dc.source.beginpage1481
dc.source.endpage1485
vlerick.conferencedate05/08/2016-09/08/2016
vlerick.conferencelocationCalifornia, United States
vlerick.conferencename76th Annual Meeting of the Academy of Management
vlerick.knowledgedomainAccounting & Finance
vlerick.typeconfpresConference Proceeding
vlerick.vlerickdepartmentA&F
vlerick.vlerickdepartmentEGS
dc.identifier.vperid35884
dc.identifier.vperid58266
dc.identifier.vperid153754
dc.identifier.vpubid7030


This item appears in the following Collection(s)

Show simple item record