The paper investigates the factors that influence the decision to change the status of a publicly quoted company to that of a private company. We find that firms that go private are more likely to have higher CEO ownership and higher institutional ownership. In relation to their board...

This paper investigates how far UK public to private transactions can be explained by financial distress costs or incentive realignment. We find that firms going private are more likely to be smaller, more diversified, younger and have lower Q ratios than firms remaining public. The results...

This paper investigates the extent to which firms going private have different characteristics from other acquired firms. We find the firms going private have higher board shareholdings and higher institutional shareholdings. In addition, they have poorer growth prospects and experience more...