Desbrières, Phillippe; Schatt, Alain - In: Journal of Business Finance & Accounting 29 (2002) 5&6, pp. 695-729
This paper investigates the financial characteristics and changes in performance of French companies involved in a leveraged buy-out. The empirical study covers a sample of 161 MBOs in France from 1988 to 1994. The acquired firms outperform their counterparts in the same sector of activity...