Trust, family firms, and M&A quality

Gianfranco Siciliano, Annalisa Prencipe, Suresh Radhakrishnan

科研成果: 期刊稿件期刊论文


This paper examines the effect of trust on the quality of M&A across family and non-family firms. We find that family firms are associated with better M&A quality than non-family firms and that M&A deals involving high trust are of better quality. When we consider the association of trust, family firms and their interaction, we find that trust is the channel/mechanism through which family firms are associated with better M&A quality. Collectively, these results suggest that trust enables family firms to build long-term relationships with employees, suppliers and customers, and potentially mitigate the Type I agency problems.
期刊Asia-Pacific Journal of Accounting and Economics
早期在线日期22 4月 2022
已出版 - 2022


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