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Showing result 1 - 5 of 15 essays matching the above criteria.

1. 1. What drives leverage in Swedish LBOs?

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Felicia Berglund; Billy Mähler; [2023]
   Keywords : Leveraged Buyout; LBO; Private Equity; PE; Leverage;

   Abstract : The capital structure of leveraged buyout (LBO) companies often differs dramatically from that of other companies. What factors drive the amount of leverage in LBO transactions are often contrasted by two different views in previous research. READ MORE

3. 2. Conservatism in Credit Ratings: A Comparative Study of Time-Varying Credit Rating Standards in Europe and the US, 1997-2023

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Ebba Bogfors; Elsa Persson; [2023]
   Keywords : Credit ratings; Rating quality; Rating conservatism; Rating standards;

   Abstract : Our paper reveals increased conservatism in credit ratings in both Europe and the US from 1997 to 2023, with the effect stabilizing after the financial crisis. On average, ratings have declined by more than three notches in Europe, signifying that a firm rated AAA in 1997, with constant financial characteristics, would receive a rating of AA- in 2023. READ MORE

4. 3. LBO Determinants & The Financial Crisis: Evidence from Nordic Public to Private Transactions

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Jacob Hesslevik; Arjun Iyer; [2020]
   Keywords : Financial Sponsors; Leveraged Buyouts; Private Equity; Financial Characteristics; Global Financial Crisis;

   Abstract : The determinants of leveraged buyouts (LBOs) have received a lot of attention in past research after the 1980s LBO boom and mid-2000s takeover wave. This thesis aims to examine the effect of the Great Financial Crisis on the explanatory power of LBO determinants, using 62 Nordic public-to-private transactions from the last two decades. READ MORE

5. 4. Private Equity as an Enabler of Employment Growth: Evidence From European Buyouts

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Edward Yuran; Carl Lexner; [2020]
   Keywords : private equity; employment growth; job creation; credit constraints; labour regulation;

   Abstract : With a unique dataset of 337 buyouts observed during 2012 to 2015 across several European countries, this study aims to answer whether leveraged buyouts enable or stifle employment growth for targets relative to non-private equity owned controls. Through a series of regressions we are able to conclude that private equity ownership is associated with more growth in employment and other operating metrics. READ MORE

6. 5. What determines leverage in leveraged buyouts? : A study of debt levels in European LBOs

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Evelina Gille; Josefine Karlsson; [2019]
   Keywords : Leveraged buyout; LBO; leverage; capital structure; private equity;

   Abstract : This paper examines the main drivers of leverage levels in private equity-sponsored leveraged buyouts (LBOs). In order to find out what drives LBO leverage, we analyse deal financing of 71 European LBO deals completed between 2005 and 2015. READ MORE