Private equity, leveraged buyouts and governance

Douglas Cumming, Donald S. Siegel, Mike Wright

Research output: Contribution to journalArticlepeer-review

215 Scopus citations


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 languageEnglish (US)
Pages (from-to)439-460
Number of pages22
JournalJournal of Corporate Finance
Issue number4
StatePublished - Sep 2007
Externally publishedYes


  • 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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