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This study examines whether the serial entrepreneurial experience of founders contributes to improved overall performance using a sample of Specified Purpose Acquisition Companies (SPACs) innovative firms that entered the U.S. financial markets since August 2003. Based on subsample analysis,...
Persistent link: https://www.econbiz.de/10012843289
mergers and acquisitions. In this paper we show that a knowledge-based firm's probability of being a takeover target is … rights ; mergers & acquisitions … influenced by whether relevant specific human capital aimed for in acquisitions is directly accumulated within a specific firm or …
Persistent link: https://www.econbiz.de/10003931309
Familienunternehmen gelten in der öffentlichen Wahrnehmung als besonders innovativ und als "Hidden Champions" der deutschen Wirtschaft. In jüngster Zeit widmen sich Forscher vermehrt der Überprüfung dieser These und kommen zu diametral unterschiedlichen Ergebnissen. Einerseits wird...
Persistent link: https://www.econbiz.de/10009514503
-manager. -- ownership structure ; property rights ; mergers & acquisitions …Although acquisitions of high tech entrepreneurial firms are of great popularity, the limited empirical evidence shows … that these acquisitions often lead to dismal results in that a large number of acquired inventors leave the company after …
Persistent link: https://www.econbiz.de/10009514533
The article studies the relation between the 1997 crisis and the diversification of the 5 main business groups in Colombia. The entropy measure of diversification did not fall during the crisis, which agrees with the risk-sharing hypothesis of business groups. Diversification fell after the...
Persistent link: https://www.econbiz.de/10013132825
This chapter, written for a Research Handbook on Mergers and Acquisitions (Davidoff-Solomon & Hill, eds.), investigates …
Persistent link: https://www.econbiz.de/10013014944
We document that labor relationships at founder firms are less acrimonious than at non-founder firms. Founder-firms are less likely to be unionized and employees at non-unionized founder-firms are less likely to attempt to unionize. Further, among firms that are unionized, labor at founder-firms...
Persistent link: https://www.econbiz.de/10013216612
The literature considers firms seeking finance through an initial public offering (IPO) as entrepreneurial. But are they? We hypothesize that firms in the latter stage of industry life-cycle, or late bloomer firms as less innovative, proactive, and risk-taking, signal entrepreneurial orientation...
Persistent link: https://www.econbiz.de/10013211167
Tests of Leland and Pyle's (1977) signaling model in the public setting face a number of empirical challenges. We revisit the implications of their model with new evidence from a setting in which entrepreneurs sell their firms in private transactions. In this setting, it is common for sellers to...
Persistent link: https://www.econbiz.de/10012913654
mergers and acquisitions. In this paper we show that a knowledge-based firm's probability of being a takeover target is … influenced by whether relevant specific human capital aimed for in acquisitions is directly accumulated within a specific firm or … entrepreneur's specific human capital, as measured by the patents they own, and the physical assets of their firm are productive …
Persistent link: https://www.econbiz.de/10010271448