Understanding Family Firm Intentions to Use Private Equity: A Theory of Planned Behaviour Perspective-Reference-Cited by-同舟云学术

Understanding Family Firm Intentions to Use Private Equity: A Theory of Planned Behaviour Perspective

Published:2022-11-09 Issue:0 Volume:0 Page:
ISSN:2194-6175
Container-title:Entrepreneurship Research Journal
language:en
Short-container-title:

Author:

Graves Chris¹^ORCID,Seet Pi-Shen²,Michiels Anneleen³^ORCID

Affiliation:

1. The University of Adelaide, Adelaide Business School , Adelaide , SA , Australia

2. Edith Cowan University, School of Business and Law , Joondalup , WA , Australia

3. Hasselt University Faculty of Business Economics, Research Center for Entrepreneurship and Family Firms, Universiteit Hasselt , Hasselt , Belgium

Abstract

Abstract Although past research suggests that family firms are less likely to use private equity (PE) financing, further research is required to identify the underlying reasons for such behaviour. Using the theory of planned behaviour and based on the analysis of data collected from 254 family firms, we identify the factors that explain a family firm’s intentions to use PE. Family owners are more likely to plan to use PE when they have a favourable attitude toward PE, their intended succession strategy involves relinquishing control by selling the business sometime in the future, and they have a good understanding of PE.

Publisher

Walter de Gruyter GmbH

Subject

Management of Technology and Innovation,Strategy and Management,Business and International Management

Link

https://www.degruyter.com/document/doi/10.1515/erj-2022-0019/pdf

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