Creditor protections and cross-country LBOs

This paper examines the relation between legal conditions and leveraged buyouts (LBOs) in 49 countries. The data indicate that sophisticated PE fund managers carrying out large international LBOs can only partially mitigate costs associated with inefficient legal protections. LBOs are more active in...

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Bibliographic Details
Main Authors: CAO, Xiaping, Wang, Xiaoming, QIAN, Meijun, Cumming, Douglas
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2005
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4398
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Institution: Singapore Management University
Language: English