Leveraged Buyouts and Private Equity

By Steven N. Kaplan, Per Strömberg. 2009

1,067 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/f625626b3682c592ee14fbcb2c2263c3f8d36e9e

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Citations in the corpus

Incentives to Innovate and the Decision to Go Public or Private (2014, background): “Kaplan and Strömberg (2009) review this literature and conclude that private equity investment creates value because of tax benefits and the exploitation of mispricings in the debt and equity markets, and also by affecting corporate behavior, such as operations and investments.”
The Operational Consequences of Private Equity Buyouts: Evidence from the Restaurant Industry (2016, background): “The private equity asset class has grown tremendously over the last thirty years, reaching $1.6 trillion in global transaction value between the years 2005 to 2007 (Kaplan and Stromberg 2009).”
Do private equity owners increase risk of financial distress and bankruptcy (2012, background): “According to Kaplan and Strömberg (2009), 49% of the target enterprise value in buyout transactions were concentrated in Europe, compared to 44% in the US and Canada during the period 2000–2004.”
Estimating Private Equity Returns from Limited Partner Cash Flows (2014, background): “Section 4 presents estimation results on the risk, return and time series characteristics of private equity, and tests the market segmentation hypothesis.”
Situating private equity capital in the land grab debate (2012, background): “In a typical leveraged buyout transaction, a private equity firm buys majority control of an existing or mature firm – a ‘portfolio company’ – thereby aligning investor and management goals (Kaplan and Strömberg 2008). Private equity funds typically have a five- to seven-year (2)There are two types ”
Implications of Financial Capitalism for Employment Relations Research: Evidence from Breach of Trust and Implicit Contracts in Private Equity Buyouts (2013, background): “…Garsington Road, Oxford OX4 2DQ, UK and 350 Main Street, Malden, MA 02148, USA. of the labour process, financial capitalism utilizes a wide range of avenues for extracting wealth — including financial restructuring, the selling of assets and tax arbitrage (Kaplan and Strömberg 2009: 123–5,134–5).”