Private equity, leveraged buyouts and governance

Douglas Cumming; Donald S. Siegel; Mike Wright

doi:10.1016/j.jcorpfin.2007.04.008

Private equity, leveraged buyouts and governance

Douglas Cumming
, Donald S. Siegel
, Mike Wright

School of Business

University of California at Riverside
University of Nottingham

Research output: Contribution to journal › Article › peer-review

241 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	439-460
Number of pages	22
Journal	Journal of Corporate Finance
Volume	13
Issue number	4
DOIs	https://doi.org/10.1016/j.jcorpfin.2007.04.008
State	Published - Sep 2007

Keywords

Corporate governance
Financial and real returns
Management buyouts
Private equity
Total factor productivity

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10.1016/j.jcorpfin.2007.04.008

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title = "Private equity, leveraged buyouts and governance",

abstract = "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.",

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AB - 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.

KW - Corporate governance

KW - Financial and real returns

KW - Management buyouts

KW - Private equity

KW - Total factor productivity

UR - https://www.scopus.com/pages/publications/34548088936

UR - https://www.scopus.com/pages/publications/34548088936#tab=citedBy

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JO - Journal of Corporate Finance

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Private equity, leveraged buyouts and governance

Abstract

Keywords

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