This paper highlights the first phase of a research program, completed in late 2014 and early 2015 that homes in on worker-recuperated enterprises (imprese recuperate dai lavoratori) in Italy. The paper specifically focuses on Italy's worker buyouts (WBOs) facilitated by its Legge Marcora...

Since the last global financial crisis, private equity activities have increased again in Germany. This article provides an overview of developments between 2012 and 2018 from an employee perspective. It shows the volume and sectoral focus of company takeovers, the new owners after the exit of...

This case provides background material about the takeover attempt of one of the world's largest automobile manufacturers, Volkswagen, by the small sports car manufacturer, Porsche. It covers the period from spring 2005 through August 2009. This drama ends in a complete reversal, the acquisition...

Non-pecuniary factors are believed to play a crucial role in the decisions of entrepreneurs. We estimate how the non-pecuniary benefits related to the quality-of-life (e.g., clement weather) of a target firm's location affect its acquisition price. Using new data on private firm acquisitions, we...

This appendix provides complete results for the robustness checks discussed in the paper, Non-Pecuniary Benefits: Evidence from the Location of Private Company Sales, found here: 'http://ssrn.com/abstract=2423117' http://ssrn.com/abstract=2423117