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dc.contributor.authorGoossens, Lotte*
dc.contributor.authorManigart, Sophie*
dc.contributor.authorMeuleman, Miguel*
dc.contributor.authorGoossens, Lotte
dc.contributor.authorManigart, Sophie
dc.contributor.authorMeuleman, Miguel
dc.date.accessioned2017-12-02T14:32:29Z
dc.date.available2017-12-02T14:32:29Z
dc.date.issued2008
dc.identifier.doi10.3905/JPE.2008.12.1.031
dc.identifier.urihttp://hdl.handle.net/20.500.12127/3047
dc.description.abstractThis paper analyses the impact of the change in ownership after a management buyout on both post-buyout efficiency and growth. We contrast family firm buyouts with divisional buyouts, and private equity (PE) financed buyouts with non-PE financed buyouts. We analyse the four-year post-buyout growth and efficiency of 167 Belgian companies (of which 43 are transfers from family owned businesses) that did a buyout between 1996 and 2003. Results show that the source of a buyout (family owned buyout versus divisional buyout) has no impact on the post-buyout growth, but the presence of a PE has. PE-backed buyouts grow less in assets, but more in employees. Neither sales growth nor efficiency are different between different types of buyouts.
dc.language.isoen
dc.subjectBuyouts
dc.subjectPrivate Equity
dc.titleThe change in ownership after a buyout: impact on performance
dc.identifier.journalJournal of Private Equity
dc.source.volume12
dc.source.issue1
dc.source.beginpage31
dc.source.endpage41
vlerick.knowledgedomainAccounting & Finance
vlerick.typearticleJournal article
vlerick.vlerickdepartmentA&F
vlerick.vlerickdepartmentEGS
dc.identifier.vperid93816
dc.identifier.vperid35884
dc.identifier.vperid58266
dc.identifier.vpubid3481


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