Ahlers, Oliver; Hack, Andreas; Kellermanns, Franz W. - In: Journal of Family Business Strategy 5 (2014) 4, pp. 384-396
An increasing number of families are selling their businesses to private equity (PE) investors. A key question is what the family firm is worth without the family as part of the business. We provide a buyers’ perspective on the valuation of the family firm and argue that prior family...