Buy-outs in Family Firms: A Statistical Overview and Study of Value Creation
The aim of our research is to give an update on the research of Ball et al. (2008), and to carry on studying the statistical overview of the buy-outs/ins in family firms. In this respect, we have also compared the statistical overview of the buy-outs/ins in family firms to all buy-outs/ins. Secondly...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2011
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| Online Access: | https://eprints.nottingham.ac.uk/24831/ |
| _version_ | 1848792865989197824 |
|---|---|
| author | Feng, Ye |
| author_facet | Feng, Ye |
| author_sort | Feng, Ye |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | The aim of our research is to give an update on the research of Ball et al. (2008), and to carry on studying the statistical overview of the buy-outs/ins in family firms. In this respect, we have also compared the statistical overview of the buy-outs/ins in family firms to all buy-outs/ins. Secondly, with the inspiration from Migel et al. (2009), we examine how different factors (e.g. the source of buy-outs, the involvement of private equity investors and the type of buy-outs) affect the value creation in post-buyout companies. As such, we have a particular focus on how these factors influence the value creation in post-buyout of family firms.
The first phase of our research is based on the review of literature which forms the foundation and inspiration for our research and enhances our understanding of the key objectives we set forth in our research. Then we move forward to the second phase of our research: collecting data, analyzing and interpreting the data set and using statistical testing to obtain a real picture of our research data and to our hypotheses against it.
After thorough examination of the research questions and the hypotheses, we found that value creation in post buy-outs was independent on the source of the buy-out (e.g. divestment, family firms, secondary buy-outs and other). Secondly, we found that value creation in post buy-outs of family firms was higher in VC backed deals than non VC backed deals, and that in the short term more value is added in VC backed deals than in non VC backed deals (exit within 5 years). Furthermore, the value added in VC backed deals is higher in the short term (exit within 5 years) than the long term (exit after 5 years). Finally, we observed that the value creation in post buy-outs of family firms is generally higher in a management buy-out than a management buy-in deal. |
| first_indexed | 2025-11-14T18:51:12Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-24831 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:51:12Z |
| publishDate | 2011 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-248312018-01-05T22:37:21Z https://eprints.nottingham.ac.uk/24831/ Buy-outs in Family Firms: A Statistical Overview and Study of Value Creation Feng, Ye The aim of our research is to give an update on the research of Ball et al. (2008), and to carry on studying the statistical overview of the buy-outs/ins in family firms. In this respect, we have also compared the statistical overview of the buy-outs/ins in family firms to all buy-outs/ins. Secondly, with the inspiration from Migel et al. (2009), we examine how different factors (e.g. the source of buy-outs, the involvement of private equity investors and the type of buy-outs) affect the value creation in post-buyout companies. As such, we have a particular focus on how these factors influence the value creation in post-buyout of family firms. The first phase of our research is based on the review of literature which forms the foundation and inspiration for our research and enhances our understanding of the key objectives we set forth in our research. Then we move forward to the second phase of our research: collecting data, analyzing and interpreting the data set and using statistical testing to obtain a real picture of our research data and to our hypotheses against it. After thorough examination of the research questions and the hypotheses, we found that value creation in post buy-outs was independent on the source of the buy-out (e.g. divestment, family firms, secondary buy-outs and other). Secondly, we found that value creation in post buy-outs of family firms was higher in VC backed deals than non VC backed deals, and that in the short term more value is added in VC backed deals than in non VC backed deals (exit within 5 years). Furthermore, the value added in VC backed deals is higher in the short term (exit within 5 years) than the long term (exit after 5 years). Finally, we observed that the value creation in post buy-outs of family firms is generally higher in a management buy-out than a management buy-in deal. 2011-09-01 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/24831/1/Buy-outs_in_Family_Firms_-_A_Statistical_Overview_and_Study_of_Value_Creation_-_Ye_Feng_%282011%29.pdf Feng, Ye (2011) Buy-outs in Family Firms: A Statistical Overview and Study of Value Creation. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Feng, Ye Buy-outs in Family Firms: A Statistical Overview and Study of Value Creation |
| title | Buy-outs in Family Firms: A Statistical Overview and Study of Value Creation |
| title_full | Buy-outs in Family Firms: A Statistical Overview and Study of Value Creation |
| title_fullStr | Buy-outs in Family Firms: A Statistical Overview and Study of Value Creation |
| title_full_unstemmed | Buy-outs in Family Firms: A Statistical Overview and Study of Value Creation |
| title_short | Buy-outs in Family Firms: A Statistical Overview and Study of Value Creation |
| title_sort | buy-outs in family firms: a statistical overview and study of value creation |
| url | https://eprints.nottingham.ac.uk/24831/ |