Family ownership and acquisition behavior in publicly-traded companies (Record no. 40185)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02193naa a2200265uu 4500 |
| 001 - CONTROL NUMBER | |
| control field | 1081811173337 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190211175456.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 110818s2010 xx ||||gr |0|| 0 eng d |
| 999 ## - SYSTEM CONTROL NUMBERS (KOHA) | |
| Koha Dewey Subclass [OBSOLETE] | PHL2MARC21 1.1 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | MILLER, Danny |
| 9 (RLIN) | 7233 |
| 245 10 - TITLE STATEMENT | |
| Title | Family ownership and acquisition behavior in publicly-traded companies |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Avenel : |
| Name of publisher, distributor, etc. | Wiley-Blackwell, |
| Date of publication, distribution, etc. | feb. 2010 |
| 520 3# - SUMMARY, ETC. | |
| Summary, etc. | Much of the literature on corporate acquisitions has focused on managerial incentives for making acquisitions but has underemphasized the role played by the social context of major shareholders. This study of Fortune 1000 firms argues that the priorities and risk preferences of family owners can have important implications not only for the volume but also for the diversifying nature of their acquisitions. Agency and family business perspectives are used to derive expectations concerning the acquisitions behavior of family owners. Consistent with both perspectives, and owners' desire to reduce business risk, we find that family ownership is inversely related to the number and dollar volume of acquisitions. However, whereas agency theorists differ about how ownership concentration influences whether acquisitions are diversified, the family firm literature is more definitive. The latter suggests that given family owners' desire to retain control of their firms for offspring, their wealth must remain concentrated. Hence they can most easily reduce the risk of their wealth portfolio by diversifying the businessthat is, through diversifying acquisitions. Consistent with this logic, we found the propensity to make diversifying acquisitions to increase with the level of family ownership. Copyright © 2009 John Wiley & Sons, Ltd. |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Governança |
| 9 (RLIN) | 11938 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Fusão de Empresas |
| 9 (RLIN) | 12514 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Microempresa |
| 9 (RLIN) | 13838 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Risco |
| 9 (RLIN) | 13090 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| 9 (RLIN) | 12712 |
| Topical term or geographic name entry element | Teoria Administrativa |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | BRETON-MILLER, Isabelle Le |
| 9 (RLIN) | 45312 |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | LESTER, Richard H. |
| 9 (RLIN) | 45313 |
| 773 08 - HOST ITEM ENTRY | |
| Title | Strategic Management Journal |
| Related parts | 31, 2, p. 201-223 |
| Place, publisher, and date of publication | Avenel : Wiley-Blackwell, feb. 2010 |
| International Standard Serial Number | ISSN 01432095 |
| Record control number | |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Periódico |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20110818 |
| Operator's initials, OID (RLIN) | 1117^b |
| Cataloger's initials, CIN (RLIN) | Fernanda |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20110831 |
| Operator's initials, OID (RLIN) | 1545^b |
| Cataloger's initials, CIN (RLIN) | Keicielle |
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