Performance benefits of tight control : [Version 18 Juni 2013]
- This study investigates the transition from being a listed company with a dispersed ownership structure to being a privately held company with a concentrated ownership structure. We consider a sample of private equity backed portfolio companies to evaluate the consequences of the corporate governance changes on operational performance. Our analysis shows significant positive abnormal growth in several performance ratios for the private period of our sample companies relative to comparable public companies. These performance differences come from the increase in ownership concentration after the leveraged buyout transaction.
| Author: | Andrej GillORCiDGND, Nikolai Visnjic |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-305771 |
| URL: | http://ssrn.com/abstract=2281230 |
| DOI: | https://doi.org/10.2139/ssrn.2281230 |
| Parent Title (German): | SAFE working paper series ; No. 24 |
| Series (Serial Number): | SAFE working paper (24) |
| Publisher: | SAFE |
| Place of publication: | Frankfurt am Main |
| Document Type: | Working Paper |
| Language: | English |
| Year of Completion: | 2013 |
| Year of first Publication: | 2013 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2013/06/28 |
| Tag: | active shareholders; corporate governance; leveraged buyouts; ownership concentration; private equity |
| Issue: | Version 18 Juni 2013 |
| Page Number: | 26 |
| HeBIS-PPN: | 348849044 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF) | |
| Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
