Strategic changes in family firms post management buyout: Ownership and governance issues
Scholes, L., Wright, M., Westhead, P., & Bruining, H. (2010)
International Small Business Journal, 28(5), 505-521
Hand-collected sample of 104 PE-backed MBO/MBIs of former family firms across Europe. Greater scope for efficiency gains and growth where the founder was present at buyout and where no non-family managers held equity before.
Sourcedoi:10.1177/026624261037039072 citations (OpenAlex)