Essays about: "management buyout"

Showing result 6 - 10 of 19 essays containing the words management buyout.

  1. 6. Does Firm Size Matter? Measuring the Operational Performance Development in Management Buyouts

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Helge Kalman; Jesper Björkman; [2017]
    Keywords : Management Buyout; Operational Performance; Size; Private Equity;

    Abstract : This thesis seeks to identify the determinants of operational performance in management buyouts (MBOs) and examine whether there are any differences in operational performance for MBOs of different sizes. This is done by analyzing a novel data sample comprising 116 consecutive Swedish MBOs using a linear regression model. READ MORE

  3. 7. Value creation in private equity firms: Is value creation connected to ownership structure?

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Erik Haraldsson; Johannes Eliasson; [2017]
    Keywords : Earnings management; Private equity; Buyout; Value creation; Measurement bias;

    Abstract : In this study we examine value creation by private equity firms through looking at changes in RONA metrics for a group of private equity owned companies during the holding period and then compare the results to an industry group to determine the difference. Furthermore, we adjust for measurement bias to eliminate the effect of earnings management. READ MORE

  4. 8. Managerial Misconduct: Earnings Management in Private-to-Private MBOs

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Oscar Lindström; Mattias Svensson; [2016]
    Keywords : Management buyout; MBO; Earnings management; Private-to-private; Wealth transfer;

    Abstract : In a Management Buyout (MBO), companies' managers must simultaneously act as both agents of the shareholders, with objective to seek the highest possible valuation, and as buyers, wanting the best deal for themselves. This contradiction gives rise to an agent-principal dilemma, whereby managers have personal incentives to act against the wishes of their principals, the shareholders. READ MORE

  5. 9. The Operating Impact of Management Ownership: Evidence from Private Equity Buyouts in Sweden

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Mikael Svanberg; Christopher Wanzelius; [2013]
    Keywords : Private equity; Management buyout; MBO; Management incentives; Operating performance;

    Abstract : Using a novel dataset comprising 161 private equity buyouts in Sweden between 2002 and 2008, this paper investigates the impact of management participation on operating performance in buyouts. The authors compare performance in private equity sponsored management buyouts (MBOs) with other buyouts and also investigate the effect of management ownership in buyout companies. READ MORE

  6. 10. Risk Capital - Private Equity : Fundraising a Swedish Buyout Fund

    University essay from IHH, Företagsekonomi

    Author : Linda Riahi; Amelie Wilson; [2011]
    Keywords : Buyouts; Fundraising; Limited Partnership; Private Equity;

    Abstract : The private equity industry has had a fluctuating history. In the years between 2003 and  2007 the private equity industry expanded tremendously, yet in 2008 a financial turmoil  caused significant deviation in the activity of the industry. READ MORE