File(s) under permanent embargo
Reason: This item is currently closed access.
Private equity portfolio company performance during the global recession
journal contribution
posted on 2016-01-07, 15:49 authored by Nick Wilson, Mike Wright, Donald S. Siegel, Louise ScholesLouise ScholesWe assess the recent economic and financial performance of U.K. private equity (PE) backed buyouts. Our empirical evidence, which is based on thousands of transactions, reveals that PE-backed buyouts achieved superior economic and financial performance in the period before and during the recent global recession, relative to comparable firms that did not experience such transactions. Our regression results imply positive differentials of 5–15% in productivity and approximately 3–5% in profitability for buyout firms, relative to non-buyout firms. Another key finding is that revenue and employment growth for PE- backed firms were positive during the sample period.
History
School
- Loughborough University London
Published in
Journal of Corporate FinanceVolume
18Issue
1Pages
193 - 205Citation
WILSON, N. ... et al., 2012. Private equity portfolio company performance during the global recession. Journal of Corporate Finance, 18 (1), pp. 193 - 205.Publisher
© Elsevier B.V.Version
- VoR (Version of Record)
Publisher statement
This 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/Publication date
2012Notes
Closed accessISSN
0929-1199Publisher version
Language
- en
Administrator link
Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC