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-- Venture Capital ; Private Equity ; Buyout, Merger & Acquisition ; Corporate Restructuring …
Persistent link: https://www.econbiz.de/10009307455
An increasingly large share of cross-border acquisitions are undertaken by private equity-firms (PE-firms) and not by traditional multinational enterprises (MNEs). We propose a model of crossborder acquisitions in which MNEs and PE-firms compete over domestic assets. MNEs' advantage lies in...
Persistent link: https://www.econbiz.de/10010472515
Persistent link: https://www.econbiz.de/10011670059
Private equity buyouts have sparked debates among labor unions and worker representatives on how they affect workers. This chapter provides an overview of academic evidence on how private equity buyouts affect workers. We review the theoretical reasons why employees could be affected and then...
Persistent link: https://www.econbiz.de/10014393375
This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...
Persistent link: https://www.econbiz.de/10011445220
This study presents a dynamic model for the private equity market in which information revelation and uncertainty rationally explain the cyclical pattern of investment flows into private equity. The net benefit of private equity over public equity is i) uncertain and ii) agents have private...
Persistent link: https://www.econbiz.de/10011349200
-enhancing mergers and by preventing concentration in the industry. By spreading the cost of specializing in restructuring over multiple … markets, private equity firms have stronger incentives than incumbents to invest in acquiring specialized restructuring skills. …
Persistent link: https://www.econbiz.de/10009772935
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
We are able to shed light on the black box of restructuring tools private equity investors use to improve the … companies, we analyze whether private equity improves operating efficiency and which of the typical restructuring tools are the … transactions are subject to strong equity incentives, frequent asset restructuring and tight control by the investor. Furthermore …
Persistent link: https://www.econbiz.de/10010225798