Family Businesses Going Public

Frederick D Lipman

Chapter Chapter 12 in The Family Business Guide, 2010, pp 143-160 from Palgrave Macmillan

Abstract: Abstract Larger family businesses may for various reasons elect to have a public offering of their stock. The decision to convert a family business into a public company typically involves a complete change in corporate culture.1 Family businesses are usually secretive and do not share information except with those who need to know. Public companies, on the other hand, live in glass houses. They are legally required by federal securities laws to have open communication with investors and tend to have much more open communication with employees. This change in culture is sometimes very difficult for a family business.

Keywords: Family Firm; Institutional Investor; Family Business; Initial Public Offering; Vote Power (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230111806_13

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