私募基金對台灣家族企業經營之潛在價值貢獻

An exploratory study on the role of private equity in revitalizing the Taiwanese family firm

王汎寧(Fan-Ning Wang)

指導教授 ： 魏啟林 ； 陳思寬

國立臺灣大學/管理學院/企業管理碩士專班/碩士(2019年)

https://doi.org/10.6342/NTU201902223

摘要

無資料

關鍵字

私募基金 ； 家族企業

並列摘要

This paper is an exploratory study on whether private equity can play a substantive role in revitalizing the Taiwanese family firm by identifying specific challenges faced by these family businesses and describing how private equity involvement may be able to help with each challenge. It begins by reviewing a broad selection of existing academic literature on the nature of the family firm, the prevalence of family firms in certain cultures and economies, family firm succession, private equity post-buyout strategies, private equity in emerging markets, private equity buyouts of family firms, and foreign investment in Taiwan. As there exists relatively little literature on these topics in relation to Taiwan specifically, the next section of the paper seeks to narrow that knowledge gap through case studies of past family firm buyouts in Taiwan as well as interviews with people who have demonstrated significant expertise in the field of private equity in Taiwan and representatives from Taiwanese family businesses in various industries. The thesis concludes that Taiwanese family firms are facing two major challenges where private equity involvement may prove immensely helpful: succession and insufficient capabilities for global expansion.

並列關鍵字

Private equity ； Family business ； Family firm

參考文獻

Achleitner, A., Herman, K., Lerner, J., & Lutz, E. (2010). Family Business and Private Equity: Conflict or Collaboration? The Case of Messer Griesheim. The Journal of Private Equity.

AmCham Taipei. (2019, March 13). New Life for Private Equity. Retrieved from https://topics.amcham.com.tw/2019/03/new-life-for-private-equity/

Anderson, R. C., & Reeb, D. M. (2003). Founding-Family Ownership and Firm Performance: Evidence from the S&P 500. The Journal of Finance.

Bertrand, M., & Schoar, A. (2006). The Role of Family in Family Firms. The Journal of Economic Perspectives.

Bloom, N., Sadun, R., & Van Reenen, J. (2015). Do Private Equity Owned Firms Have Better Management Practices? American Economic Review.