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dc.contributor.authorNeckebrouck, Jeroen*
dc.contributor.authorManigart, Sophie*
dc.contributor.authorMeuleman, Miguel*
dc.contributor.editorBellavitis, Cristiano
dc.contributor.editorFilatotchev, Igor
dc.contributor.editorSamuel Kamuriwo, Dzidziso
dc.contributor.editorVanacker, Tom
dc.date.accessioned2019-01-25T10:19:41Z
dc.date.available2019-01-25T10:19:41Z
dc.date.issued2018
dc.identifier.isbn9780815385189
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6128
dc.description.abstractMore and more family firms open their capital for outside investors, yet existing studies mainly conclude that family firms are more reluctant than nonfamily firms to hand over control to outside investors. In this study, we build on an organizational identification perspective to explore why family firms differ in their attitudes toward outside investors. We hypothesize that family members who identify strongly with their firms are less willing to cede control to outside investors and, if they do cede control, have a stronger preference for investors who may readily identify with family firms, such as family offices or high net worth individuals, rather than investors who may not fit well with a familial identity, such as private equity sponsors or financial investors. We also hypothesize that social identification mediates the relationship between important family firm governance characteristics and preferences for outside investor. Exploratory evidence from a sample of Belgian family firms is supportive of most of our predictions.
dc.language.isoen
dc.publisherRoutledge
dc.subjectFamily Firms
dc.subjectOutside Investors,
dc.subjectEquity
dc.subjectOrganizational Identification
dc.subjectGovernance
dc.subjectSuccession
dc.titleAttitudes of family firms toward outside investors: The importance of organizational identification
dc.title.alternativeEntrepreneurial finance. New frontiers of research and practice
dc.source.numberofpages130
dc.hasVersion1
vlerick.knowledgedomainAccounting & Finance
vlerick.knowledgedomainEntrepreneurship
vlerick.typebookBook Chapter
vlerick.vlerickdepartmentAF
vlerick.vlerickdepartmentEGS
dc.identifier.vperid153754
dc.identifier.vperid35884
dc.identifier.vperid58266


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