Forty-seven large leveraged buyouts that occurred after 1987 were examined to see the effect on operating performance and affects of the 1990-91 recession. Overall these LBOs did not result in smaller efficiency gains than earlier LBOs.
operating performance, recession, financial distress, leveraged buyouts (LBOs)
The files in this collection are protected by copyright law. No commercial reproduction or distribution of these files is permitted without the written permission of Southern Methodist University, Cox Business School. These files may be freely used for educational purposes, provided they are not altered in any way, and Southern Methodist University is cited. For more information, contact firstname.lastname@example.org.
Helwege, Jean and Opler, Tim C., "Leveraged Buyouts in the Late Eighties: How Bad Were They?" (1993). Working Papers. 163.