Efficiency and Organizational Structure: A Study of Reverse LBOs.
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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