Brown, David T.; Fee, C. Edward; Thomas, Shawn E. - In: Journal of Corporate Finance 15 (2009) 2, pp. 196-211
This paper investigates whether leveraged buyouts (LBOs) increase the bargaining power of firms with their suppliers. We find that suppliers to LBO firms experience significantly negative abnormal returns at the announcements of downstream LBOs. We also find that suppliers who have likely made...
