Article

The Real Effects of Private Equity Buyouts

Joacim Tåg

in The Oxford Handbook of Private Equity

Published in print March 2012 | ISBN: 9780195391589
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195391589.013.0011

Series: Oxford Handbooks

The Real Effects of Private Equity Buyouts

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This article analyzes the real effects of private equity buyouts. It defines private equity buyouts as gains of established companies accepted by private equity firms. Private equity buyouts are also referred to as leveraged buyouts, management buyouts, and bootstrap acquisitions. The first section explains why buyouts have real economic effects, while the second section presents a survey of empirical literature on the relation between buyouts and employment, productivity, long-run investments, and bankruptcy. The final section of the article discusses further research and summarizes the findings.

Keywords: real effects; private equity buyouts; leveraged buyouts; management buyouts; bootstrap acquisitions; real economic effects; long-run investments; bankruptcy; productivity

Article.  10239 words. 

Subjects: Economics ; Financial Markets ; Industry Studies

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