Projects
Can private equity players beat corporate buyers at their own game? An analysis of buy- and build-strategies by private equity firms Vlerick Business School
Role of Auditing and Audit Quality in Mitigating Agency Problems in Private Family Firms Hasselt University
Role of Auditing and Audit Quality in Mitigating Agency Problems in Private Family Firms Hasselt University
Auditor-provided tax services as a multifaceted tax planning strategy in private Belgian firms KU Leuven
This dissertation examines determinants of corporate income tax outcomes in a private firm setting. Three different settings are examined: before, during and after corporate income tax calculation. The first chapter examines the link between working capital management and tax prepayment outcomes. The second chapter examines if, and if so, how reputational concerns act as a disincentive to tax avoidance using survey data from SMEs. Lastly, the ...
The Success of Private Equity as Minority Owner in Family Firms KU Leuven
For multiple reasons, a family business can open the firm capital to private investors (Private Equity). Private Equity hereby can be categorised into some sub-groups (global professionals, mostly operating through funds, regional professionals, regularly operating from the own balance sheet, and increasingly family offices and very wealthy individuals). Increasingly, these private investors step in in a minority position, resulting in a ...
How does heterogeneity between financial buyers, family offices and private equity firms impact their investments. KU Leuven
Summary
My main research idea focuses on the investment criteria and behavior of Family Offices (“FO”) when acquiring a business versus other financial buyers, such as Private Equity investors (“PE”). First, we will define clearly what is an FO and a PE using criteria such as shareholding, investment horizon, risk appetite, size, leverage. In my day to day M&A practice we notice different acquisition criteria at acquisition ...