MBO liklihood and firm characteristics: Evidence from a data envelopment analysis

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Title

MBO liklihood and firm characteristics: Evidence from a data envelopment analysis

Content partner

University of Otago

Collection

Otago University Research Archive

Description

The source(s) of wealth created by managers taking a public company private in a Management Buyout (MBO) are not well understood. This study uses Data Envelopment Analysis (DEA) to empirically test two theories on these wealth gains, Jensen's Agency Cost of Free Cash Flow theory and the Asymmetric information theory. Prior research on these two theories has failed to produce conclusive results. The DEA analysis used here finds some support for the predictions of the Agency Cost of Free Cash F...

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Format

Research paper

Research format

Scholarly text / Thesis

Thesis level

Masters

Date created

2000-02-20

Creator

Hoult, Regan

URL

https://hdl.handle.net/10523/1319

Related subjects

Wealth / managers / public company / Management Buyout / Data Envelopment Analysis / Agency Cost of Free Cash Flow theory / Asymmetric information theory / HF Commerce / HF5601 Accounting / HG Finance

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