کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
960466 929473 2009 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The performance of reverse leveraged buyouts
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
The performance of reverse leveraged buyouts
چکیده انگلیسی

Reverse leveraged buyouts (RLBOs) have received increased public scrutiny but attracted little systematic study. We collect a comprehensive sample of 526 RLBOs between 1981 and 2003 and examine the three-year and five-year stock performance of these offerings. RLBOs appear to perform as well as or better than other initial public offerings and the stock market as a whole, depending on the specification. Evidence exists of a deterioration of returns over time.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Economics - Volume 91, Issue 2, February 2009, Pages 139–157
نویسندگان
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