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Library/Information asymmetry, pricing and deal process

C18near-FT50

Family firm exit: A vignette study on selling to an activist versus a steward private equity investor

Kammerlander, N., & Khoury, C. (2025)

International Small Business Journal, 43(3), 274-302

200 family firm owner-managers. Non-financial considerations and strong performance reduce the preference for an activist over a steward PE buyer. Buyer type matters to sellers; an individual searcher is not among the buyer types offered.

Sourcedoi:10.1177/026624262513162293 citations (OpenAlex)

Full citation

Kammerlander, N., & Khoury, C. (2025). Family firm exit: A vignette study on selling to an activist versus a steward private equity investor. International Small Business Journal, 43(3), 274-302.

https://doi.org/10.1177/02662426251316229

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