Authors: Christina Öberg; Simone Guercini
This paper reviews the literature on the acquisitions of family firms and presents two cases of acquisition of family businesses. The review reveals that there is a limited amount of research on acquisitions of family firms, and the business network dimension is basically non-existent. The paper notes that most studies focus on the inertia created as family firms are unwilling to divest, but the literature reveals much less about the process following the divestment decision, the impact of new owners, and the network consequences. Contributions are made to the literature on the network effects of mergers and acquisitions and to the broader acquisition literature, where the main focus is on large-scale, publicly traded firm’s transactions.
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