Journal Articles
Zhang, Y, Johan, S, Fu, K, Hughes, M, Scholes, L, Liu, J (2023)
The effect of lead investor's human capital on funding performance: The moderating role of investment ambition,
Journal of International Financial Markets, Institutions and Money, 90, ISSN: 1042-4431. DOI:
10.1016/j.intfin.2023.101891.
Zhang, Y, Johan, S, Hughes, M, Fu, K, Scholes, L, Liu, J (2023)
The effect of lead investor’s human capital on funding performance: the moderating role of investment ambition,
Journal of International Financial Markets, Institutions and Money, 90, 101891, ISSN: 1042-4431. DOI:
10.1016/j.intfin.2023.101891.
Zhang, Y, Hughes, M, Fu, K, Scholes, L, Tang, F (2023)
The effect of lead investors’ trustworthiness on funding performance: The moderating effect of investment-specific human capital,
Technology in Society, 73(2023), 102222, ISSN: 0160-791X. DOI:
10.1016/j.techsoc.2023.102222.
Zhang, Y,
Scholes, M, Fu, K, Hughes, M, Tang, F (2023) Equity crowdfunding syndicates and fundraising performance: The effect of human capital and lead investor reputation,
Journal of Small Business and Enterprise Development.
Hadjielias, E, Hughes, M, Scholes, L (2022)
External crises and family social capital reconfiguration: Insights from the European debt crisis and the Covid-19 pandemic,
Family Business Review, 35(3), pp.275-305, ISSN: 0894-4865. DOI:
10.1177/08944865221113136.
Scholes, L, Hughes, M, Wright, M, De Massis, A, Kotlar, J (2021)
Family management and family guardianship: governance effects on family firm innovation strategy,
Journal of Family Business Strategy, 12(4), 100389, ISSN: 1877-8585. DOI:
10.1016/j.jfbs.2020.100389.
Li, Y, Wright, M, Scholes, L, Zhang, Z (2018)
The role of private equity when portfolio firms go public: Evidence from ChiNext board,
Emerging Markets Finance and Trade, 55(12), pp.2851-2870, ISSN: 1540-496X. DOI:
10.1080/1540496X.2018.1536607.
Garcia, PRJM, Sharma, P, De Massis, A, Wright, M, Scholes, L (2018)
Perceived parental behaviors and next generation engagement in family firms: a social cognitive perspective,
Entrepreneurship Theory and Practice, 43(2), pp.224-243, ISSN: 1042-2587. DOI:
10.1177/1042258718796087.
Mustafa, M, Scholes, L, Ramos, HM, Man, TW (2016)
Introduction to The role of context in understanding Asian family firms,
International Journal of Management Practice, 9(4), ISSN: 1477-9064.
Miller, D, Wright, M, Breton-Miller, IL, Scholes, L (2015)
Resources and innovation in family businesses: the Janus-Face of socioemotional preferences,
California Management Review, 58(1), pp.20-40, ISSN: 0008-1256. DOI:
10.1525/cmr.2015.58.1.20.
Scholes, L, Mustafa, M, Chen, S (2015)
Internationalization of small family firms: the influence of family from a socioemotional wealth perspective,
Thunderbird International Business Review, ISSN: 1096-4762. DOI:
10.1002/tie.21729.
Scholes, L and Wilson, N (2014)
The importance of family firm trusts in family firm governance,
Entrepreneurship Theory and Practice, ISSN: 1042-2587. DOI:
10.1111/etap.12124.
Wilson, N, Wright, M, Scholes, L (2013)
Family business survival and the role of boards,
Entrepreneurship Theory and Practice, 37(6), pp.1369-1389, ISSN: 1042-2587. DOI:
10.1111/etap.12071.
Scholes, L, Wilson, N, Wright, M, Noke, H (2012) Listed Family Firms: Industrial and Geographical Context, Governance and Performance.
Bacon, N, Wright, M, Meuleman, M, Scholes, L (2012)
The impact of private equity on management practices in European buy-outs: short-termism, Anglo-Saxon, or host country effects?,
Industrial Relations: A Journal of Economy and Society, 51, pp.605-626, ISSN: 0019-8676. DOI:
10.1111/j.1468-232X.2012.00692.x.
Wilson, N, Wright, M, Siegel, DS, Scholes, L (2012)
Private equity portfolio company performance during the global recession,
Journal of Corporate Finance, 18(1), pp.193-205, ISSN: 0929-1199. DOI:
10.1016/j.jcorpfin.2011.11.008.
Scholes, L, Wilson, N, Wright, M, Noke, H, Altanar, A (2010) UK Family Businesses: Industrial and Geographic Context, Governance and Performance.
Scholes, L, Wright, M, Westhead, P, Bruining, H (2010)
Strategic changes in family firms post management buyout: ownership and governance issues,
International Small Business Journal, 28(5), pp.505-521, ISSN: 0266-2426. DOI:
10.1177/0266242610370390.
Li, Y, Wright, M, Scholes, L (2010)
Chinese management buyouts and board transformation,
Journal of Business Ethics, 95(S2), pp.361-380, ISSN: 0167-4544. DOI:
10.1007/s10551-011-0850-9.
Bacon, N, Wright, M, Scholes, L, Meuleman, M (2010)
Assessing the impact of private equity on industrial relations in Europe,
Human Relations, 63(9), pp.1343-1370, ISSN: 0018-7267. DOI:
10.1177/0018726709350087.
Scholes, L, Wright, M, Westhead, P, Bruining, H, Kloeckner, O (2009)
Family-Firm Buyouts, Private Equity, and Strategic Change,
The Journal of Private Equity, 12(2), pp.7-18, ISSN: 1096-5572. DOI:
10.3905/jpe.2009.12.2.007.
Meuleman, M, Amess, K, Wright, M, Scholes, L (2009)
Agency, strategic entrepreneurship, and the performance of private equity-backed buyouts,
Entrepreneurship Theory and Practice, 33(1), pp.213-239, ISSN: 1042-2587. DOI:
10.1111/j.1540-6520.2008.00287.x.
Lockett, A, Wright, M, Burrows, A, Scholes, L, Paton, D (2008)
The export intensity of venture capital backed companies,
Small Business Economics, 31(1), pp.39-58, ISSN: 0921-898X. DOI:
10.1007/s11187-008-9109-y.
Weir, C, Wright, M, Scholes, L (2008)
Public-to-private buy-outs, distress costs and private equity,
Applied Financial Economics, 18(10), pp.801-819, ISSN: 0960-3107. DOI:
10.1080/09603100701222283.
Scholes, L, Kloeckner, O, Ball, R, Howorth, C, Westhead, P, Wright, M, Burrows, A (2008) Private Equity in Family Firms: A Report on Private Equity Investments in Family Firms Across Europe.
Scholes, L, Westhead, P, Burrows, A (2008)
Family firm succession: the management buy‐out and buy‐in routes,
Journal of Small Business and Enterprise Development, 15(1), pp.8-30, ISSN: 1462-6004. DOI:
10.1108/14626000810850829.
Scholes, ML, Wright, M, Westhead, P, Burrows, A, Bruining, H (2007)
Information Sharing, Price Negotiation and Management Buy-outs of Private Family-owned Firms,
Small Business Economics, 29(3), pp.329-349, ISSN: 0921-898X. DOI:
10.1007/s11187-006-9024-z.
Wright, M, Simons, T, Scholes, L, Renneboog, L (2006) Leveraged Buyouts in the U.K. and Continental Europe: Retrospect and Prospect,
ECGI - Finance Working Paper, (126).
Wright, M, Renneboog, L, Simons, T, Scholes, L (2006)
Leveraged Buyouts in the U.K. and Continental Europe: Retrospect and Prospect,
Journal of Applied Corporate Finance, 18(3), pp.38-55, ISSN: 1078-1196. DOI:
10.1111/j.1745-6622.2006.00097.x.
Conferences
Feranita, F, Mustafa, M, Georgiadou, E, Scholes, L, Tien Shing, L (Accepted for publication) How family goals affect strategic partner selection: evidence from open innovation in a family firm in Malaysia. In IFERA, Lisbon.
Georgiadou, E, Mavros, G, Scholes, L (Accepted for publication) Modelling family firm M&A negotiation outcomes: The Undesirable Pareto paradox. In EURAM, BATH.
Scholes, L, Mustafa, M, Elliott, C (2021)
Leadership learning among next-generation family leader: the conditioning role of altruism and nepotism. In
IFERA 2021, Virtual.
Scholes, L, Zhang, Y, Fu, K, Hughes, M (2021)
Lead investors’ human capital and fundraising performance: mediating role of reputation. In
AOM 2021, Virtual.
Scholes, L, Obasan, O, Zhao, Y (2021)
CSR in Family Firms: How the next generations matter in Family Business matters!. In
IFERA 2021: Family Business: A model for the new world, Online.
Zhang, Y, Scholes, L, Fu, K, Hughes, M (2020)
Social capital in a syndicate investment platform - Effects on syndicate lead performance. In
39th Annual Entrepreneurship Research Conference, Babson College; Frontiers of Entrepreneurship Research 2019: Proceedings of the 39th Annual Entrepreneurship Research Conference, Boston Park, MA, USA.
Scholes, L, Obasan, FEMI, Zhao, Y (2020)
Family business sustainability: impact of founders’ personality and founders’ values on next gen’s commitment to family business. In
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Scholes, L, Hadjielias, E, Alexopoulou, P, Hughes, M (2020)
Family business resilience in an economic shock: The role of family social capital. In
EURAM 2021 Conference: Reshaping capitalism for a sustainable world, online in collaboration with University du Québec à Montréal, Canada,ISBN: 9782960219531.
Hughes, M, Oliveira, J, Georgiadou, E, Scholes, L, Hughes, P (2019)
Family firms and their international subsidiaries: does subsidiary performance depend on family involvement?. In
4th International Family Business Research Forum (IFBRF), Monaco.
Elias, H, Alexopoulou, PP, Scholes, L, Hughes, M (2019)
Social capital of family businesses: The influence of critical events in the macro-environment. In
2019 Family Enterprise Research Conference, Burlington, Vermont.
Hadjielias, E, Alexopoulou, PP, Scholes, L, Hughes, M (2019)
Critical events and social capital of family businesses. In
IFERA 2019 Annual Conference, Bergamo, Italy.
Scholes, L, Elliott, C, Mustafa, M (2019)
Learning through the generations: challenging the myths of family business survival. In
EIASM, Nantes.
Scholes, ML, Hughes, M, Wright, M, De Massis, A, Kotlar, J (Accepted for publication) INNOVATION IN FAMILY FIRMS: THE ROLE OF DIFFERENT GOVERNANCE CONTEXTS. In IFERA, Zwolle, the Netherlands.
Scholes, L, Hughes, M, Yi, Y, Hu, X, Hughes, P (2018)
The influence of family firms on the sustainability of start-up/nascent enterprises. In
EIASM, UCLAN, Larnaca, Cyprus.
Scholes, L, Yi, Y, Hu, X, Hughes, M, Hughes, P (2017)
The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective. In
International Family Enterprise Research Academy (IFERA), Zadar, Croatia.
Scholes, L, Yi, Y, Hu, X, Hughes, M, Hughes, P (2017)
The influence of family firms on the sustainability of start-up/nascent enterprises. In
ISBE Conference, Belfast.
Garcia, PRJM, Sharma, P, De Massis, A, Wright, M, Scholes, L (2017)
Parental behaviors and next-generation engagement in family firms: a social cognitive perspective. In
Theories of Family Enterprise, St Gallen, Switzerland.
Garcia, PRJM, Sharma, P, De Massis, A, Scholes, L (2017)
Parental behaviors and next-generation engagement in family firms: a social cognitive perspective. In
Academy of Management, Altanta, USA.
Scholes, L, Mustafa, M, Hughes, M, Elliott, K (2015)
Family firm performance: trusts, ownership and governance. In
IFERA, Hamburg, Germany.
Chapters
Scholes, L (2024)
Private equity. In Howorth, C and Cruz, AD (ed)
Elgar Encyclopedia of Family Business, Edward Elgar Publishing, pp.343-347, ISBN: 9781800888715. DOI:
10.4337/9781800888722.ch86.
Gilligan, J and Scholes, L (2023)
Private equity during the global recession. In Cumming, D and Hammer, B (ed)
The Palgrave Encyclopedia of Private Equity, Palgrave Macmillan, Cham, pp.1-4, ISBN: 9783030387389. DOI:
10.1007/978-3-030-38738-9_47-2.
Mustafa, M and Scholes, L (2021)
The importance of dynamic capabilities in the post North African market survival of African SME international new ventures (INVs). In Kolade, S, Rae, D, Obembe, D, Beta, KW (ed)
The Palgrave Handbook of African Entrepreneurship, Palgrave Macmillan, pp.19-44, ISBN: 9783030758936. DOI:
10.1007/978-3-030-75894-3_2.
Mustafa, M and Scholes, L (2021)
The importance of dynamic capabilities in the post north African market survival of African SMEs international new ventures (INVs). In
The Palgrave Handbook of African Entrepreneurship, pp.19-44, ISBN: 9783030758936. DOI:
10.1007/978-3-030-75894-3_2.
Scholes, ML (2018) Management Buyouts. In Wright, M, Amess, K, Bacon, N (ed)
Buy-outs From Failure, Edward Elgar, pp.x-x.
Scholes, L (2018)
Buyouts from failure. In
The Routledge Companion to Management Buyouts, pp.186-198, ISBN: 9781138713840. DOI:
10.4324/9781315230597.
Wright, M, Li, Y, Scholes, L (2012)
Management buyouts and board transformation in China’s transition economy. In
Entrepreneurship, Finance, Governance and Ethics, © Springer, pp.389-413, ISBN: 9789400738669. DOI:
10.1007/978-94-007-3867-6_17.
Scholes, L and Wright, M (2009)
Leveraged buyouts and recession. In
QFINANCE: The Ultimate Resource, Qfinance, pp.682-686.
Scholes, ML (2008) Information Sharing, Price Negotiation and Management Buy-outs of Private Family-owned Firms. In
Private Equity and Management Buy-outs, Edward Elgar Publishing, pp.1-1, ISBN: 9781847207258.
Lockett, A, Wright, M, Burrows, A,
Scholes, ML, Paton, D (2005) When do Venture Capitalists Make a Difference? The Export Intensity of Venture Capital Backed Companies. In Shepherd, DA and Katz, JA (ed)
International Entrepreneurship, Elsevier, pp.249-271, ISBN: 9780762312276.
