Basu, Nilanjan; Dimitrova, Lora; Paeglis, Imants - In: Journal of Banking & Finance 33 (2009) 5, pp. 829-841
We analyze the influence of the level as well as the change in family ownership on value creation in mergers involving newly public firms. Our findings suggest that acquirers with low levels of family ownership earn lower abnormal returns than do those with high levels of ownership. In addition,...