Bae, Sung C.; Jo, Hoje - In: Journal of Financial Research 25 (2002) 2, pp. 247-262
We examine the empirical relation between firm characteristics and the likelihood of choosing a restructuring choice between two types of leveraged buyouts: a whole-company leveraged buyout (WLBO) and a divisional leveraged buyout (DLBO). Our findings suggest that firm characteristics such as...