The Real Effects of Private Equity Buyouts

Joacim Tåg*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

14 Citations (Scopus)

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.

Original languageEnglish
Title of host publicationThe Oxford Handbook of Private Equity
PublisherOxford University Press
Publication date18.09.2012
ISBN (Print)9780195391589
ISBN (Electronic)9780199940813
DOIs
Publication statusPublished - 18.09.2012
Externally publishedYes
MoE publication typeA3 Book chapter

Keywords

  • Bankruptcy
  • Bootstrap acquisitions
  • Leveraged buyouts
  • Long-run investments
  • Management buyouts
  • Private equity buyouts
  • Productivity
  • Real economic effects
  • Real effects

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