Kosedag, Arman; Mehran, Jamshid; Qian, Jinhu - In: Managerial Finance 35 (2009) 8, pp. 716-728
Purpose – The purpose of this paper is to examine the informational asymmetry (informational advantage of managers) in … draw on the informational advantage of managers in LBOs. Specifically, the value gain (VG) realized by the reverse …‐LBO firms is compared with that realized by a control sample of firms; the wealth distribution between managers and pre …