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dc.contributor.authorMeuleman, Miguel
dc.contributor.authorAmess, K.
dc.contributor.authorWright, Mike
dc.contributor.authorScholes, L.
dc.date.accessioned2017-12-02T14:32:34Z
dc.date.available2017-12-02T14:32:34Z
dc.date.issued2009
dc.identifier.doi10.1111/j.1540-6520.2008.00287.x
dc.identifier.urihttp://hdl.handle.net/20.500.12127/3101
dc.description.abstractAgency theory has focused on buyouts as a governance and control device to increase profitability, organizational efficiency, and limited attention to growth. A strategic entrepreneurship view of buyouts incorporates upside incentives for value creation associated with growth as well as efficiency gains. In this paper, we develop the complementarity between agency theory and strategic entrepreneurship perspectives to examine the performance implications for different types of buyouts. Further, we study how the involvement of private equity (PE) firms is related to the performance of the post‐buyout firm. These issues are examined for a sample of 238 PE‐backed buyouts in the UK between 1993 and 2003. Implications for theory and practice are suggested.
dc.language.isoen
dc.publisherWiley-Blackwell
dc.subjectStrategic Entrepreneurship
dc.titleAgency, strategic entrepreneurship and the performance of private equity backed buyouts
dc.identifier.journalEntrepreneurship: Theory and Practice
dc.source.volume33
dc.source.issue1
dc.source.beginpage213
dc.source.endpage239
dc.source.numberofpages27
vlerick.knowledgedomainEntrepreneurship
vlerick.typearticleFT ranked journal article  
vlerick.vlerickdepartmentEGS
dc.identifier.vperid140324
dc.identifier.vperid58266
dc.identifier.vperid141102
dc.identifier.vperid68189
dc.identifier.vpubid3538


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