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Performance improvements in reverse leverage buyouts: Does size matter?

Dahlberg, Anton LU and Fleckenstein, Marcus LU (2017) BUSN79 20171
Department of Business Administration
Abstract
Purpose: Explaining whether performance development after a LBO differentiates based on target´s size.

Methodology: Quantitative method with deductive research approach
Theoretical perspectives: The thesis covers: Transaction cost theory, Wealth transfer theory, Agency theory as well as previous research on LBO performance.

Empirical foundation: The thesis analyses performance measures of 44 European companies who underwent a LBO during 1999-2013 and their respective industry peers.

Conclusions: Different developments in performance after the LBO was found based on company size. The different focus in the samples results in smaller companies obtaining higher growth and investments after the LBO, while larger companies focus more... (More)
Purpose: Explaining whether performance development after a LBO differentiates based on target´s size.

Methodology: Quantitative method with deductive research approach
Theoretical perspectives: The thesis covers: Transaction cost theory, Wealth transfer theory, Agency theory as well as previous research on LBO performance.

Empirical foundation: The thesis analyses performance measures of 44 European companies who underwent a LBO during 1999-2013 and their respective industry peers.

Conclusions: Different developments in performance after the LBO was found based on company size. The different focus in the samples results in smaller companies obtaining higher growth and investments after the LBO, while larger companies focus more on toward cash flows. Consequently, the need arises to take size into consideration for research evaluating the per-formance of buyout deals. (Less)
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author
Dahlberg, Anton LU and Fleckenstein, Marcus LU
supervisor
organization
course
BUSN79 20171
year
type
H1 - Master's Degree (One Year)
subject
keywords
European Leverage Buyout, European Reverse Leverage Buyout, European Post-LBO Performance, Performance Improvement, Size.
language
English
id
8911948
date added to LUP
2017-07-04 14:46:03
date last changed
2017-07-04 14:46:03
@misc{8911948,
  abstract     = {Purpose: Explaining whether performance development after a LBO differentiates based on target´s size.

Methodology: Quantitative method with deductive research approach
Theoretical perspectives: The thesis covers: Transaction cost theory, Wealth transfer theory, Agency theory as well as previous research on LBO performance.

Empirical foundation: The thesis analyses performance measures of 44 European companies who underwent a LBO during 1999-2013 and their respective industry peers.

Conclusions: Different developments in performance after the LBO was found based on company size. The different focus in the samples results in smaller companies obtaining higher growth and investments after the LBO, while larger companies focus more on toward cash flows. Consequently, the need arises to take size into consideration for research evaluating the per-formance of buyout deals.},
  author       = {Dahlberg, Anton and Fleckenstein, Marcus},
  keyword      = {European Leverage Buyout,European Reverse Leverage Buyout,European Post-LBO Performance,Performance Improvement,Size.},
  language     = {eng},
  note         = {Student Paper},
  title        = {Performance improvements in reverse leverage buyouts: Does size matter?},
  year         = {2017},
}