218
edits
Changes
Jump to navigation
Jump to search
→Van de Gucht 1998
file = {Van de Gucht and Moore (1998) - Predicting duration and reversal prob of LBOs.pdf}
}
Van de Gucht and Moore find that hazard rate of LBO reversals peaks at about 7 to 8 years after the buyout.
Data:
*343 LBO transactions $100 million+ (1980-1992) Securities Data Corporation
*Restricted to those with stock returns in CRSP in year before LBO, post-LBO status identifiable in Newspaper Abstracts or Ward's Business Directory (1994)
Variables:
*Full LBO
*Size
*Industry Q
*R&D/Sales
=Innovation Factors/Phenomena Papers=
