In contrast to previous studies documenting positive abnormal returns to target
shareholders, we find that hedge fund activism significantly reduces bondholders' wealth …

This chapter surveys the empirical literature on corporate breakup transactions (divestitures,
spinoffs, equity carveouts, tracking stocks), leveraged recapitalizations, and leveraged …

This book deals with risk capital provided for established firms outside the stock market,
private equity, which has grown rapidly over the last three decades, yet is largely poorly …

We examine the relation between the overall corporate governance structure and
managerial risk-taking behavior. We find that the overall governance structure has a …

This article analyzes optimal financial contracts for an incumbent and potential entrant
accounting for prospective asset mergers. Exercising a first-mover advantage, the incumbent …

This paper provides an exhaustive literature review of the motives for public-to-private LBO
transactions. First, the paper develops the theoretical framework for the potential sources of …

This thesis studies the impact of private equity-backing on the portfolio companies they
acquire, with evidence from Norway. We are researching the two main strategies in Norway …

This article analyzes leveraged buyouts and public-to-private (PTP) transactions. It studies
the literature and data on announcement returns for public-to-private transactions and …

A reverse event study approach is used to investigate how the South African sovereign bond
yield curve react to headline news. Abnormal return dates in the zero-coupon yields are …

We find a channel through which debt holders can affect corporate transactions. We show
that firms with high-debt dual holders (holders of both debt and equity of the firm) are less …