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|Title:||Attitudes towards private equity amongst SMEs: Does family matter?|
|Citation:||Proceedings of IFERA Lancaster 2010: pp.1-22|
|Publisher:||Lancaster University Management School|
|Conference Name:||IFERA World Family Business Research Conference (2010 : Lancaster, UK)|
|Chris Graves and Pi-Shen Seet|
|Abstract:||This paper presents the findings on whether attitudes towards using outside (non-family) private equity (PE) differ between small-to-medium-sized family and non-family firms whilst controlling for other influences. Based on multiple linear regression analysis on survey data collected from 328 Australian SMEs, being a „family business‟ had no significant influence on attitudes towards using PE when controlling for other influences. Rather, the intended succession strategy and knowledge of PE were found to have a significant positive influence over the use of PE. Conversely, lifestyle objectives were found to have a significant negative influence on use of PE amongst SMEs. The implications of the findings for family businesses, policy makers and future research are explored in the paper.|
|Keywords:||Private Equity (PE); Family Business; SMEs; Growth; Exit; Succession|
|Rights:||Copyright status unknown|
|Appears in Collections:||Business School publications|
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