Sources of Value Creation in Private Equity Buyouts of Private FirmsReview of Finance - Tập 26 Số 2 - Trang 257-285 - 2022
Jonathan B. Cohn, Edith Hotchkiss, Erin Towery
Abstract
Despite the prevalence of private equity (PE) buyouts of private firms, little is known about how these transactions create value. We provide evidence that PE acquirers disproportionately target private firms with weak operating profitability and those that have growth potential but are highly levered and dependent on external financing. Tar...... hiện toàn bộ