Efficiency and Organizational Structure: A Study of Reverse LBOs.

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Muscarella, Chris J; Vetsuypens, Michael R;
  • Journal: Journal of Finance,volume 45,issue 5 December,pages1,389-1,413

This paper is a report on seventy-two firms that went public since 1983, but previously underwent a full or divisional levereged buy-out. Accounting measures of performance reveal significant improvements in profitability, which resulted mainly from these firms' ability... View more
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