Renneboog, Luc; Mao, Y. - Tilburg University, Center for Economic Research - 2013
buyouts (MBOs), we implement an industry-adjusted buyout-specific approach and receive an affirmative answer. In UK buyout … manipulation than leveraged buyouts (LBOs). In non-buyout firms, positive earnings management frequently occurs because it affects … effect on negative earnings management, while the external borrowing capacity of the buyout company is not determined by …