-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. …

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 …