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Private equity minority investments in large family firms : what influences the attitude of family firm owners?
Achleitner, Ann-Kristin (contributor);  … - 2008
This paper extends research in the field of private equity investments in family firms. It contributes to the literature by fundamentally analyzing the decision criteria of family firm owners for using minority investments of private equity investors. This type of financing might be of great...
Persistent link: https://www.econbiz.de/10003783769
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Private matters
Helwege, Jean; Packer, Frank - In: Journal of financial intermediation 18 (2009) 3, pp. 362-383
Persistent link: https://www.econbiz.de/10003878942
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What is Different About Private Equity-Backed Acquirers?
Hammer, Benjamin - 2020
This paper investigates whether private equity (PE)-backed acquirers have a “parenting advantage” in the mergers & acquisitions (M&A) market. We employ a sample of 788 PE-backed firms and a carefully matched control group of 6,652 non-PE backed peers, for which we observe the entire...
Persistent link: https://www.econbiz.de/10012855190
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Access to Private Equity and Real Firm Activity : Evidence from PIPEs
Brown, James R. - 2014
are generally small, high-tech firms that cannot finance investment internally and likely face severe external financing … constraints; PIPEs are by far the most important source of finance for these firms. We show that firms use PIPE inflows to … ultimately go to R&D. These findings offer direct evidence that access to private equity finance has an important effect on the …
Persistent link: https://www.econbiz.de/10013067194
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Private Equity and Corporate Borrowing Constraints : Evidence from Loan Level Data
Haque, Sharjil; Jang, Young Soo; Mayer, Simon - 2022
How do private equity (PE) investors affect firms' borrowing constraints, debt structure, and leverage dynamics? In this paper, we examine this central question by analyzing a large and novel database of PE-backed, bank-reliant, small and middle market firms in the U.S. using administrative...
Persistent link: https://www.econbiz.de/10014235742
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Influence of internal factors on the use of equity- and mezzanine-based financing in family firms
Achleitner, Ann-Kristin; Lutz, Eva; Schraml, Stephanie C. - 2009
corporate governance structures in the analysis of financing decisions. -- Entrepreneurial finance ; family firms ; equity …
Persistent link: https://www.econbiz.de/10003919589
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Berkshire versus KKR : Intermediary influence and competition
Cunningham, Lawrwence A. - 2015
Kathryn Judge of Columbia University documents how financial intermediaries persistently impose high fees compared to the value rendered, attributes this to political influence, and suggests countervailing policy strategies, including stoking competition and enhancing disclosure to reduce...
Persistent link: https://www.econbiz.de/10011492987
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Monitoring managers : does it matter?
Cornelli, Francesca; Kominek, Zbigniew; Ljungqvist, … - 2010
This paper investigates under what circumstances boards of directors fire CEOs and whether this action leads to better firm performance. We use unique and detailed data, covering 473 companies in the transition region, on boards’ actions, expectations and beliefs about CEO ability. We find...
Persistent link: https://www.econbiz.de/10003916269
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SPACs in shipping
Shachmurove, Yochanan; Vulanovic, Milos - 2013
In this study we examine how Specified Purpose Acquisition Companies (SPACs) were used as a financing tool for companies in the shipping industry in period 2004-2011. We confirm that SPACs focused on acquisitions in the shipping industry have similar characteristics as the population of SPACs...
Persistent link: https://www.econbiz.de/10010225447
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Performance benefits of tight control
Gill, Andrej; Visnjic, Nikolai - 2013
This study investigates the transition from being a listed company with a dispersed ownership structure to being a privately held company with a concentrated ownership structure. We consider a sample of private equity backed portfolio companies to evaluate the consequences of the corporate...
Persistent link: https://www.econbiz.de/10010225758