Tappeiner, Florian; Howorth, Carole; Achleitner, Ann-Kristin - In: Journal of Family Business Strategy 3 (2012) 1, pp. 38-51
pecking order hypothesis, private equity is a finance of last resort. Tests of the pecking order and its assumptions have … balanced financial and non-financial resources of private equity with the need to cede control rights. Non-financial resources … were valued more highly when resolving family issues. The observed pecking order was driven by control rights. Important …