Julia A. Pöll , Alexandra Bertschi-Michel , Andreas Hack , Oliver Ahlers , Mike Wright
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引用次数: 0
Abstract
By building upon instrumental stakeholder theory, we aim to increase academic understanding of how changes in stakeholder relations affect acquisition performance outcomes in a private equity (PE) family firm buyout, during the holding period. With our sample of 134 PE-backed family firm buyouts, we find evidence to suggest that reducing social engagement during the holding period decreases medium-term performance, whereas the termination of existing supplier relationships affects this positively. Moreover, our data suggests that effects concerning the reduction of social engagement and employee downsizing are negatively moderated by increased levels of family ownership prior to the PE deal.
期刊介绍：
The Scandinavian Journal of Management (SJM) provides an international forum for innovative and carefully crafted research on different aspects of management. We promote dialogue and new thinking around theory and practice, based on conceptual creativity, reasoned reflexivity and contextual awareness. We have a passion for empirical inquiry. We promote constructive dialogue among researchers as well as between researchers and practitioners. We encourage new approaches to the study of management and we aim to foster new thinking around management theory and practice. We publish original empirical and theoretical material, which contributes to understanding management in private and public organizations. Full-length articles and book reviews form the core of the journal, but focused discussion-type texts (around 3.000-5.000 words), empirically or theoretically oriented, can also be considered for publication. The Scandinavian Journal of Management is open to different research approaches in terms of methodology and epistemology. We are open to different fields of management application, but narrow technical discussions relevant only to specific sub-fields will not be given priority.
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