Private equity, leveraged buyouts and governance

Douglas Cumming; Donald S. Siegel; Mike Wright

doi:10.1016/j.jcorpfin.2007.04.008

Private equity, leveraged buyouts and governance

Douglas Cumming, Donald S. Siegel, Mike Wright

Research output: Contribution to journal › Article › peer-review

215 Scopus citations

Abstract

This paper provides an overview of the literature on private equity and leveraged buyouts, focusing on global evidence related to both governance and returns to private equity and leveraged buyouts. We distinguish between financial and real returns to this activity, where the latter refers to productivity and broader performance measures. We also outline a research agenda on this topic.

Original language	English (US)
Pages (from-to)	439-460
Number of pages	22
Journal	Journal of Corporate Finance
Volume	13
Issue number	4
DOIs	https://doi.org/10.1016/j.jcorpfin.2007.04.008
State	Published - Sep 2007
Externally published	Yes

Keywords

Corporate governance
Financial and real returns
Management buyouts
Private equity
Total factor productivity

ASJC Scopus subject areas

Business and International Management
Finance
Economics and Econometrics
Strategy and Management

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10.1016/j.jcorpfin.2007.04.008

Cite this

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title = "Private equity, leveraged buyouts and governance",

abstract = "This paper provides an overview of the literature on private equity and leveraged buyouts, focusing on global evidence related to both governance and returns to private equity and leveraged buyouts. We distinguish between financial and real returns to this activity, where the latter refers to productivity and broader performance measures. We also outline a research agenda on this topic.",

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author = "Douglas Cumming and Siegel, {Donald S.} and Mike Wright",

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KW - Management buyouts

KW - Private equity

KW - Total factor productivity

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Private equity, leveraged buyouts and governance

Abstract

Keywords

ASJC Scopus subject areas

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