In this paper, the authors develop a three-dimensional conceptual framework for value generation in buyouts that categorizes and links the different levers of buyouts value generation. This framework provides the basis to take a look beyond individual value levers and shed light on the...

This study derives testable hypotheses from their framework and thus provides an empirical test of interest alignment theory based on a sample of 69 management buyouts in the UK. The results of the multivariate regression model suggest that in this setting, interest alignment does have a...

This paper articulates a theory of the conditions under which the alignment between individual and collective interests generates sustainable competitive advantage. The theory is based on the influence of tacitness, context-specificity and casual ambiguity in the determinants of different types...

The authors use a contingent claims analysis model to calculate the idiosyncratic risks in Leveraged Buyout transactions.

This paper proposes to revisit the debate on the theory of the firm using motivation theory as the primary analytical tool.

This paper assesses the risk-adjusted performance of US buyouts.

This paper explores the relationship between dominant local political views and the volume and performance of leveraged buyout investments.