Tykvová, Tereza; Borell, Mariela - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
There is some controversy on the key sources of success in the private equity model and on how this business model …-buyout companies. Our paper suggests that private equity investors select companies which are less financially distressed than … comparable companies and that the distress risk increases after the buyout. Despite this increase, private equity …