Private equity, leveraged buyouts and governance

被引：187

作者：

Cumming, Douglas

Siegel, Donald S.

Wright, Mike

机构：

[1] York Univ, Schulich Sch Business, Toronto, ON M3J 193, Canada

[2] Univ Calif Riverside, A Gary Anderson Grad Sch Management, Riverside, CA 92521 USA

[3] Univ Nottingham, Sch Business, Ctr Management Buyout Res, Nottingham NG8 1BB, England

来源：

JOURNAL OF CORPORATE FINANCE | 2007年 / 13卷 / 04期

关键词：

management buyouts; private equity; total factor productivity; financial and real returns; corporate governance;

D O I：

10.1016/j.jcorpfin.2007.04.008

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper provides an overview of the literature on private equity and leveraged buyouts, focusing on global evidence related to both governance and returns to private equity and leveraged buyouts. We distinguish between financial and real returns to this activity, where the latter refers to productivity and broader performance measures. We also outline a research agenda on this topic. (c) 2007 Elsevier B.V. All rights reserved.

引用

页码：439 / 460

页数：22

共 90 条

[1] The effect of management buyouts on firm-level technical inefficiency: Evidence from a panel of UK machinery and equipment manufacturers [J].