How do firms respond to reduced private equity buyout activity?
This paper presents new evidence on the economic role of private equity buyouts by exploiting the staggered adoption of the constructive fraud provision by U.S. state courts. The law unintentionally shifts the credit default risk borne by existing unsecured creditors of the buyout target to the sell...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2022
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7024 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8023/viewcontent/SSRN_id4040663.pdf |
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| Institution: | Singapore Management University |
| Language: | English |