This paper examines the importance of institutional quality in cross-border buyout performance. Using 2,639 cross-border buyout investments during 1998-2007 in 38 countries, we find that the higher the institutional quality of the country where the portfolio company is located, the higher the...

This paper examines the importance of institutional quality in cross-border buyout performance. After tracking 2,639 cross-border buyout investments during 1998-2007 in 38 countries as of 2016, I find that the higher the institutional quality of the country where the portfolio company is...

In der empirischen Literatur sind Leveraged Buyouts (LBOs) bisher als ein weitgehend U.S.-amerikanisches Phänomen der 1980er Jahre behandelt worden. Die rasante Verbreitung in den Jahren vor der Finanzkrise hat diese Transaktionsform aber auch nach Europa und andere Kontinente gebracht....