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Purpose -The purpose of this paper is to examine the informational asymmetry (informational advantage of managers) in leveraged buyout (LBO) transactions. Design/methodology/approach -Unlike previous studies of informational asymmetry in LBOs, this research uses a set of reverse-LBO and re-LBO...
Persistent link: https://www.econbiz.de/10010761724
Purpose – The purpose of this paper is to examine the informational asymmetry (informational advantage of managers) in leveraged buyout (LBO) transactions. Design/methodology/approach – Unlike previous studies of informational asymmetry in LBOs, this research uses a set of reverse‐LBO and...
Persistent link: https://www.econbiz.de/10014940065