KAPLAN, STEVEN - In: Journal of Finance 44 (1989) 3, pp. 611-632
type="main" xml:lang="en" <title type="main">ABSTRACT</title> <p>This paper estimates the value of tax benefits in 76 management buyouts of public companies completed in the period 1980 to 1986. The median value of tax benefits, estimated at the time the buyout company goes private, has a lower bound of 21% and an upper...</p>
