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Management buyouts and board transformation in China’s transition economy
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).
History
School
- Loughborough University London