The differences in merger and acquisition decisions between family and non-family firms - The case of Vietnam
Abstract
This study analyzes the attitude differences toward takeover between family and non-family firms in an emerging country – Vietnam for a comprehensive dataset of 589 companies listed in two biggest Vietnam stock exchange (HOSE and HNX) in the recent period from 2007 to 2017. The investigation highlights the impact of ownership structure on investment strategies. The research outcomes show the negative interrelation between family firms and M&A, but the high level of family ownership witnessed a positive relationship to the probability of takeover.
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