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pathways over a period of eight years after business takeover. Using panel data from 1,872 firms, the present article shows … that for the first two years after a business takeover, small firms are subject to negative serial correlation of growth … the behaviour of a firm following a business takeover. …
Persistent link: https://www.econbiz.de/10011637831
share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation …
Persistent link: https://www.econbiz.de/10003729056
Small acquirers enjoy announcement period returns that are significantly higher than announcement returns for larger acquirers, but small acquirers significantly underperform after the acquisition is consummated. We investigate why the market appears to “get it wrong” at the announcement of...
Persistent link: https://www.econbiz.de/10012905556
In late 2017, DuraTable received a number of unsolicited inquiries regarding its interest in selling out in a going private transaction, mostly from private equity firms. Since the chairman of the board and founder, Gary Reynolds, was approaching retirement age and the largest single shareholder...
Persistent link: https://www.econbiz.de/10011991223
We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...
Persistent link: https://www.econbiz.de/10014372477
Policymakers in several countries have recently taken steps to promote the rapid export expansion of small- and medium-sized enterprises (SMEs). The goal of these policies has been to create successful export-intensive firms, which are often referred to as born globals. These measures are...
Persistent link: https://www.econbiz.de/10011852369
Policymakers in several countries have recently taken steps to promote the rapid export expansion of high-tech small- and medium-sized enterprises (SMEs). The goal of these policies has been to create successful export-intensive firms, which are often referred to as born globals. To the best of...
Persistent link: https://www.econbiz.de/10011894354
This study explores both the individual impact of geographical diversification and its effect combined with product diversification on small and medium-sized enterprises' (SMEs) performance. Unlike most prior studies, this study distinguishes between related and unrelated product...
Persistent link: https://www.econbiz.de/10012225610
Objective: The objective of the article is to determine the effect of governance structure components (audit committee presence, board size adequacy, and board leadership) on SMEs’ performance and the moderating effect of chief executive officer (CEO) tenure on the influence of governance...
Persistent link: https://www.econbiz.de/10012518075
Little light has been shed on the functioning of business in potential post-growth economies. With this paper, we aim to expand discussions on post-growth economies to the company level and suggest one possible way to connect existing management practise with the fact that, in order to stay...
Persistent link: https://www.econbiz.de/10013020263