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Type: Conference paper
Title: Attitudes towards private equity amongst SMEs: Does family matter?
Author: Graves, C.
Seet, P.
Citation: Proceedings of IFERA Lancaster 2010: pp.1-22
Publisher: Lancaster University Management School
Publisher Place: www
Issue Date: 2010
Conference Name: IFERA World Family Business Research Conference (2010 : Lancaster, UK)
Statement of
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
RMID: 0020103492
Appears in Collections:Business School publications

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