"Stepping into the buyers' shoes": Looking at the value of family firms through the eyes of private equity investors
Ahlers, O., Hack, A., & Kellermanns, F. W. (2014)
Journal of Family Business Strategy, 5(4), 384-396
Conceptual real-options argument: family departure gives the buyer new options for value creation but destroys family-dependent options, so the net valuation effect is ambiguous. (Abstract source: EconPapers/RePEc.)
Sourcedoi:10.1016/j.jfbs.2014.04.00235 citations (OpenAlex)