How Much am I Expected to Pay for my Parents‘ Firm? An Institutional Logics Perspective on Family Discounts

Recent evidence suggests that successors do not simply inherit their parents’ firm, but have to pay a certain price. Building on institutional logics literature, we explore successors’ family discount expectations, defined as the rebate expected from parents in comparison to nonfamily buyers when assuming control of the firm. We find that family cohesion increases discount expectations, while successors’ fear of failure and family equity stake in the firm decrease discount expectations. Higher education in business or economics weakens These effects. On average, in our study comprised of 16 countries, successors expect a 57% family discount.

Progress of the study of investment trusts and investment companies made by the Securities and exchange commission, pursuant to section 30 of the Public utility holding company act of 1935.

Mode of access: Internet.

Cost-effectiveness of countermeasures for utility pole accidents. Final report.

Federal Highway Administration, Office of Research and Development, Washington, D.C.

Methods for estimating expected blood alcohol concentration. Part II. Final report.

National Highway Traffic Safety Administration, Washington, D.C.

Life-cycle cost analysis for utility combinations handbook : departmental staff and program participants.

"December 1985."

Methods for estimating expected blood alcohol concentration. Part 1. Final report.

National Highway Traffic Safety Administration, Washington, D.C.

Utility pole accident countermeasures evaluation program and input processor - user's manual.

Federal Highway Administration, Office of Implementation, McLean, Va.

Selection of cost-effective countermeasures for utility pole accidents - user's manual.

Federal Highway Administration, Office of Implementation, McLean, Va.

Cost-effectiveness of countermeasures for utility pole accidents - appendixes A-N. Final report.

Federal Highway Administration, Office of Research and Development, Washington, D.C.

Securities required to be exchanged for cash or new securities pursuant to plans of corporate reorgainzation under the Public Utility Holding Company Act of 1935 and Bankruptcy Act, February 1962.

Mode of access: Internet.