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Management buyouts and board transformation in China’s transition economy
chapterposted on 2017-07-26, 09:13 authored by Mike Wright, Yao Li, Louise ScholesLouise Scholes
Management buyouts (MBOs) involving the acquisition of firms by incumbent managers by who take on financial leverage, often with the involvement of private equity firms (Gilligan and Wright 2010), have become an international phenomenon. Over three decades they have diffused from the US, to Europe and to Asia (Wright et al. 2007). From OECD countries they have also played an important role in the transformation of Central and Eastern Europe (Wright et al. 1994) and more recently have emerged in China (Sun et al. 2010).
- Loughborough University London
Published inEntrepreneurship, Finance, Governance and Ethics
Pages389 - 413
CitationWRIGHT, M., LI, Y. and SCHOLES, L., 2012. Management buyouts and board transformation in China’s transition economy. IN: Cressy, R., Cumming, D. and Mallin, C. (eds.). Entrepreneurship, finance, governance and ethics. (Advances in business ethics research ; 3.) London: Springer, pp.389-413.
- VoR (Version of Record)
Publisher statementThis work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/
Book seriesAdvances in business ethics research;3