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, incorporating into the analysis the hypothesis of the irrationality of participants in particular the managers of bidders. The … present work focuses on studying the relationship between the behavioural bias of managers of bidders such as overconfidence …
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The welfare effects of private equity transactions are debated controversially. We analyze the impact of expansion financing and buyouts by private equity investors on investment of portfolio firms in the UK and France - two countries with different financial systems. Unobserved heterogeneity...
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