The role of private equity and its impact on financial conservatism: evidence from Italian family firms
Succi, Domenico (A.A. 2024/2025) The role of private equity and its impact on financial conservatism: evidence from Italian family firms. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Fabrizio Core, pp. 60. [Master's Degree Thesis]
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Abstract/Index
Family firms and financial conservatism. Family business: definition and characteristics. Differences between family and non-family firms. The concept of financial conservatism. Implications of family ownership on capital structure and financial policy. Empirical evidence on conservatism in family-owned businesses. Private equity and extraordinary financial transactions. Definition and evolution of private equity. Types of private equity strategies (VC, growth, buyout, distressed, secondary buyouts). Focus on Leveraged buyouts (LBO): mechanisms and implications. Private equity governance and intervention in target companies. Italian private equity framework. Literature review. Financial conservatism under PE ownership. PE and long-term performance in family businesses. Gaps and contributions from prior empirical studies. Methodology and data. Sample design and research strategy. Sample selection criteria. Definition of PE-treated and non-treated firms. Variables and construction of financial conservatism proxies. Empirical strategy. Descriptive statistics and sample characteristics. Regression analysis and interpretation. Discussion: PE influence on conservatism in family firms.
References
Bibliografia: pp. 56-57.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree Program in Management, English language (LM-77) |
| Chair: | Advanced corporate finance |
| Thesis Supervisor: | Core, Fabrizio |
| Thesis Co-Supervisor: | Merola, Federico |
| Academic Year: | 2024/2025 |
| Session: | Autumn |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 10 Feb 2026 10:44 |
| Last Modified: | 10 Feb 2026 10:44 |
| URI: | https://tesi.luiss.it/id/eprint/44744 |
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