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The Real Effects of Private Equity Buyouts

Tåg, Joacim LU orcid (2012)
Abstract

This article analyzes the real effects of private equity buyouts. It defines private equity buyouts as gains of established companies accepted by private equity firms. Private equity buyouts are also referred to as leveraged buyouts, management buyouts, and bootstrap acquisitions. The first section explains why buyouts have real economic effects, while the second section presents a survey of empirical literature on the relation between buyouts and employment, productivity, long-run investments, and bankruptcy. The final section of the article discusses further research and summarizes the findings.

Please use this url to cite or link to this publication:
author
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Bankruptcy, Bootstrap acquisitions, Leveraged buyouts, Long-run investments, Management buyouts, Private equity buyouts, Productivity, Real economic effects, Real effects
host publication
The Oxford Handbook of Private Equity
editor
Cumming, Douglas
publisher
Oxford University Press
external identifiers
  • scopus:84888596530
ISBN
9780199940813
9780195391589
DOI
10.1093/oxfordhb/9780195391589.013.0011
language
English
LU publication?
no
id
b89d69e9-f93e-43ff-9219-291b4acd17a7
date added to LUP
2020-01-23 15:52:28
date last changed
2024-05-16 04:33:00
@inbook{b89d69e9-f93e-43ff-9219-291b4acd17a7,
  abstract     = {{<p>This article analyzes the real effects of private equity buyouts. It defines private equity buyouts as gains of established companies accepted by private equity firms. Private equity buyouts are also referred to as leveraged buyouts, management buyouts, and bootstrap acquisitions. The first section explains why buyouts have real economic effects, while the second section presents a survey of empirical literature on the relation between buyouts and employment, productivity, long-run investments, and bankruptcy. The final section of the article discusses further research and summarizes the findings.</p>}},
  author       = {{Tåg, Joacim}},
  booktitle    = {{The Oxford Handbook of Private Equity}},
  editor       = {{Cumming, Douglas}},
  isbn         = {{9780199940813}},
  keywords     = {{Bankruptcy; Bootstrap acquisitions; Leveraged buyouts; Long-run investments; Management buyouts; Private equity buyouts; Productivity; Real economic effects; Real effects}},
  language     = {{eng}},
  month        = {{09}},
  publisher    = {{Oxford University Press}},
  title        = {{The Real Effects of Private Equity Buyouts}},
  url          = {{http://dx.doi.org/10.1093/oxfordhb/9780195391589.013.0011}},
  doi          = {{10.1093/oxfordhb/9780195391589.013.0011}},
  year         = {{2012}},
}