Private equity, leveraged buyouts and governance

Douglas Cumming, Donald Siegel, Mike Wright

Research output: Contribution to journalArticle

162 Citations (Scopus)

Abstract

This paper provides an overview of the literature on private equity and leveraged buyouts, focusing on global evidence related to both governance and returns to private equity and leveraged buyouts. We distinguish between financial and real returns to this activity, where the latter refers to productivity and broader performance measures. We also outline a research agenda on this topic.

Original languageEnglish (US)
Pages (from-to)439-460
Number of pages22
JournalJournal of Corporate Finance
Volume13
Issue number4
DOIs
StatePublished - Sep 1 2007
Externally publishedYes

Fingerprint

Governance
Leveraged buyouts
Private equity
Financial returns
Real returns
Productivity
Performance measures
Research agenda

Keywords

  • Corporate governance
  • Financial and real returns
  • Management buyouts
  • Private equity
  • Total factor productivity

ASJC Scopus subject areas

  • Business and International Management
  • Finance
  • Economics and Econometrics
  • Strategy and Management

Cite this

Private equity, leveraged buyouts and governance. / Cumming, Douglas; Siegel, Donald; Wright, Mike.

In: Journal of Corporate Finance, Vol. 13, No. 4, 01.09.2007, p. 439-460.

Research output: Contribution to journalArticle

Cumming, Douglas ; Siegel, Donald ; Wright, Mike. / Private equity, leveraged buyouts and governance. In: Journal of Corporate Finance. 2007 ; Vol. 13, No. 4. pp. 439-460.
@article{3ceb6beadd6c4551b55232097846ee39,
title = "Private equity, leveraged buyouts and governance",
abstract = "This paper provides an overview of the literature on private equity and leveraged buyouts, focusing on global evidence related to both governance and returns to private equity and leveraged buyouts. We distinguish between financial and real returns to this activity, where the latter refers to productivity and broader performance measures. We also outline a research agenda on this topic.",
keywords = "Corporate governance, Financial and real returns, Management buyouts, Private equity, Total factor productivity",
author = "Douglas Cumming and Donald Siegel and Mike Wright",
year = "2007",
month = "9",
day = "1",
doi = "10.1016/j.jcorpfin.2007.04.008",
language = "English (US)",
volume = "13",
pages = "439--460",
journal = "Journal of Corporate Finance",
issn = "0929-1199",
publisher = "Elsevier",
number = "4",

}

TY - JOUR

T1 - Private equity, leveraged buyouts and governance

AU - Cumming, Douglas

AU - Siegel, Donald

AU - Wright, Mike

PY - 2007/9/1

Y1 - 2007/9/1

N2 - This paper provides an overview of the literature on private equity and leveraged buyouts, focusing on global evidence related to both governance and returns to private equity and leveraged buyouts. We distinguish between financial and real returns to this activity, where the latter refers to productivity and broader performance measures. We also outline a research agenda on this topic.

AB - This paper provides an overview of the literature on private equity and leveraged buyouts, focusing on global evidence related to both governance and returns to private equity and leveraged buyouts. We distinguish between financial and real returns to this activity, where the latter refers to productivity and broader performance measures. We also outline a research agenda on this topic.

KW - Corporate governance

KW - Financial and real returns

KW - Management buyouts

KW - Private equity

KW - Total factor productivity

UR - http://www.scopus.com/inward/record.url?scp=34548088936&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=34548088936&partnerID=8YFLogxK

U2 - 10.1016/j.jcorpfin.2007.04.008

DO - 10.1016/j.jcorpfin.2007.04.008

M3 - Article

VL - 13

SP - 439

EP - 460

JO - Journal of Corporate Finance

JF - Journal of Corporate Finance

SN - 0929-1199

IS - 4

ER -