Essays about: "Sebastian Stime"

Found 1 essay containing the words Sebastian Stime.

  1. 1. Does the credit market induce an industry effect in Private Equity?: An empirical study of Private Equity activity on industry level

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Mikael Fraenkel; Sebastian Stime; [2010]
    Keywords : Private Equity; LBO; credit market; industry effect; multiple expansion;

    Abstract : Using a sample of 25,682 private equity deals from 1986-2009 we investigate the relationship between Private Equity activity and the credit market as well as the relative valuation of the industry of the target firm. Our results show that buyout activity is negatively related to the credit spread between high yield bonds and LIBOR. READ MORE