Managerial ownership, credit market conditions, undervaluation and offer premiums in management (MBOs) and leveraged buyouts (LBOs)
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DOI: 10.1016/j.intfin.2020.101189
Abstract: Abstract This paper investigates the impact of lending conditions and undervaluation on the buyout choice and offer premiums in MBO versus LBO decisions. We control for endogeneity and self-selection using a two-stage regression model in… read more here.
Keywords: ownership credit; managerial ownership; ownership; offer premiums ... See more keywords