Private equity and management buyouts have been the subject of considerable controversy.
There have been recent calls for more systematic evidence on the impact of private equity …

In a leveraged buyout, a company is acquired by a specialized investment firm using a
relatively small portion of equity and a relatively large portion of outside debt financing. The …

We examine whether variation in the separation of ownership and control influences the tax
practices of private firms with different ownership structures. Fama and Jensen (1983) assert …

We examine how leveraged buyouts from the most recent wave of public to private
transactions created value. Buyouts completed between 1990 and 2006 are more …

We study how private equity buyouts create value in higher education, a sector with opaque
product quality and intense government subsidy. With novel data on 88 private equity deals …

We review the theory and evidence on venture capital (VC) and other private equity: why
professional private equity exists, what private equity managers do with their portfolio …

Employment law has increasingly struggled to adapt to complex modern work
arrangements, from agency work to corporate groups. This book suggests that the reason for …

Entrepreneurial finance is a distinctive aspect of corporate finance, notably with respect to
informational asymmetries and investor involvement in portfolio companies. Entrepreneurial …

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 …