Cohn, Jonathan B.; Mills, Lillian F.; Towery, Erin M. - In: Journal of Financial Economics 111 (2014) 2, pp. 469-494
This study uses corporate tax return data to examine the evolution of firms' financial structure and performance after leveraged buyouts (LBOs) for a comprehensive sample of 317 LBOs taking place between 1995 and 2007. We find little evidence of operating improvements subsequent to an LBO,...
