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dc.creatorGill, Andrej
dc.creatorVisnjic, Nikolai
dc.date.accessioned2021-09-28T09:17:25Z
dc.date.available2021-09-28T09:17:25Z
dc.date.issued2013-06-18
dc.identifier.urihttps://fif.hebis.de/xmlui/handle/123456789/2125
dc.description.abstractThis study investigates the transition from being a listed company with a dispersed ownership structure to being a privately held company with a concentrated ownership structure. We consider a sample of private equity backed portfolio companies to evaluate the consequences of the corporate governance changes on operational performance. Our analysis shows significant positive abnormal growth in several performance ratios for the private period of our sample companies relative to comparable public companies. These performance differences come from the increase in ownership concentration after the leveraged buyout transaction.
dc.rightsAttribution-ShareAlike 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-sa/4.0/
dc.subjectCorporate Finance
dc.subjectTransparency Lab
dc.titlePerformance Benefits of Tight Control
dc.typeWorking Paper
dcterms.referenceshttps://fif.hebis.de/xmlui/handle/123456789/1509?TOVE
dcterms.referenceshttps://fif.hebis.de/xmlui/handle/123456789/1354?Bloomberg
dcterms.referenceshttps://fif.hebis.de/xmlui/handle/123456789/1506?Thomson One
dc.source.filename24_SSRN-id2281230
dc.identifier.safeno24
dc.subject.keywordsprivate equity
dc.subject.keywordsleveraged buyouts
dc.subject.keywordsactive shareholders
dc.subject.keywordsownership concentration
dc.subject.keywordscorporate governance
dc.subject.jelG23
dc.subject.jelG24
dc.subject.jelG32
dc.subject.jelG34
dc.subject.topic1calculate
dc.subject.topic1month
dc.subject.topic1ipos
dc.subject.topic2study
dc.subject.topic2corporate
dc.subject.topic2gillan
dc.subject.topic3relative
dc.subject.topic3transition
dc.subject.topic3order
dc.subject.topic1nameSaving and Borrowing
dc.subject.topic2nameCorporate Governance
dc.subject.topic3nameCorporate Finance
dc.identifier.doi10.2139/ssrn.2281230


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Attribution-ShareAlike 4.0 International
Except where otherwise noted, this item's license is described as Attribution-ShareAlike 4.0 International