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Why and How Do Family Firms Go Public?: A Socioemotional Wealth Perspective of IPO

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Why and How Do Family Firms Go Public? A Socioemotional Wealth Perspective of IPO. / Carbone, Emmadonata; Campopiano, Giovanna; Cirillo, Alessandro et al.
In: Family Business Review, Vol. 37, No. 4, 31.12.2024, p. 400-430.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Carbone, E, Campopiano, G, Cirillo, A & Mussolino, D 2024, 'Why and How Do Family Firms Go Public? A Socioemotional Wealth Perspective of IPO', Family Business Review, vol. 37, no. 4, pp. 400-430. https://doi.org/10.1177/08944865241273380

APA

Carbone, E., Campopiano, G., Cirillo, A., & Mussolino, D. (2024). Why and How Do Family Firms Go Public? A Socioemotional Wealth Perspective of IPO. Family Business Review, 37(4), 400-430. https://doi.org/10.1177/08944865241273380

Vancouver

Carbone E, Campopiano G, Cirillo A, Mussolino D. Why and How Do Family Firms Go Public? A Socioemotional Wealth Perspective of IPO. Family Business Review. 2024 Dec 31;37(4):400-430. Epub 2024 Sept 17. doi: 10.1177/08944865241273380

Author

Carbone, Emmadonata ; Campopiano, Giovanna ; Cirillo, Alessandro et al. / Why and How Do Family Firms Go Public? A Socioemotional Wealth Perspective of IPO. In: Family Business Review. 2024 ; Vol. 37, No. 4. pp. 400-430.

Bibtex

@article{1c901e2aab35441f80b3dd7dbb34afda,
title = "Why and How Do Family Firms Go Public?: A Socioemotional Wealth Perspective of IPO",
abstract = "This study investigates why and how family firms go public via initial public offering (IPO) and explores how family firms{\textquoteright} distinctive traits contribute to specific IPO behavior. The results show that family firms face IPO following three paths— shine, continue, and challenge. Family IPO firms emphasize control, identification, and succession ( shine); focus on family social capital, responsibility toward stakeholders, and family business identity ( continue); and highlight control, identification, new leaders{\textquoteright} self-affirmation, and generational transfers ( challenge). We uncover the complexities of emotional endowment—a reference point for making IPO decisions and a resource or constraint to engage in the IPO process.",
author = "Emmadonata Carbone and Giovanna Campopiano and Alessandro Cirillo and Donata Mussolino",
year = "2024",
month = dec,
day = "31",
doi = "10.1177/08944865241273380",
language = "English",
volume = "37",
pages = "400--430",
journal = "Family Business Review",
issn = "0894-4865",
publisher = "SAGE Publications Inc.",
number = "4",

}

RIS

TY - JOUR

T1 - Why and How Do Family Firms Go Public?

T2 - A Socioemotional Wealth Perspective of IPO

AU - Carbone, Emmadonata

AU - Campopiano, Giovanna

AU - Cirillo, Alessandro

AU - Mussolino, Donata

PY - 2024/12/31

Y1 - 2024/12/31

N2 - This study investigates why and how family firms go public via initial public offering (IPO) and explores how family firms’ distinctive traits contribute to specific IPO behavior. The results show that family firms face IPO following three paths— shine, continue, and challenge. Family IPO firms emphasize control, identification, and succession ( shine); focus on family social capital, responsibility toward stakeholders, and family business identity ( continue); and highlight control, identification, new leaders’ self-affirmation, and generational transfers ( challenge). We uncover the complexities of emotional endowment—a reference point for making IPO decisions and a resource or constraint to engage in the IPO process.

AB - This study investigates why and how family firms go public via initial public offering (IPO) and explores how family firms’ distinctive traits contribute to specific IPO behavior. The results show that family firms face IPO following three paths— shine, continue, and challenge. Family IPO firms emphasize control, identification, and succession ( shine); focus on family social capital, responsibility toward stakeholders, and family business identity ( continue); and highlight control, identification, new leaders’ self-affirmation, and generational transfers ( challenge). We uncover the complexities of emotional endowment—a reference point for making IPO decisions and a resource or constraint to engage in the IPO process.

U2 - 10.1177/08944865241273380

DO - 10.1177/08944865241273380

M3 - Journal article

VL - 37

SP - 400

EP - 430

JO - Family Business Review

JF - Family Business Review

SN - 0894-4865

IS - 4

ER -