Changes

LBO Lit Review (view source)

426 bytes added , 15:29, 21 June 2016

*TAX/EQUITY

*FOOTSTEPS (=1 if competing bid or takeover speculation in WSJ)

*percentage non-executive directors

*percentage independent directors

*duality of CEO and chairman

*percentage of shares held by CEO

*percentage of shares held by non-CEO executive directors

*percentage of shares held by institutions

*free cash flow (operating cash flow minus interest, tax, dividends, deflated by sales) (cf. Kieschnick (1998) and Halpern et al. (1999)

*speculation of takeover in financial press

*Q ratio

==Innovation==

668

edits