Management's perception of leveraged buyouts

Management's perception of leveraged buyouts

In this paper we study management's perception of and motivation for a Leveraged Buyout. In contrast to other studies that use market and accounting data to infer about motives, this work is an analysis of survey generated data, directly addressing perception/motivation. We posit and formally t...

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Veröffentlicht in:International review of financial analysis 1996, Vol.5 (3), p.197-221
Hauptverfasser: Frankfurter, George M., Kosedag, Arman
Format: Artikel
Sprache:eng
Schlagworte:
Cash flow
Executives
Financial performance
Hypotheses
Investments
LBO
Leveraged buyouts
Perceptions
Statistical analysis
Stockholders
Studies
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Zusammenfassung:In this paper we study management's perception of and motivation for a Leveraged Buyout. In contrast to other studies that use market and accounting data to infer about motives, this work is an analysis of survey generated data, directly addressing perception/motivation. We posit and formally test three hypotheses. Our finding are in contrast in general to conclusions drawn from market data based studies.
ISSN:1057-5219
1873-8079
DOI:10.1016/S1057-5219(96)90014-9