Post-LBO Development [recurso electrónico] : Analysis of Changes in Strategy, Operations, and Performance after the Exit from Leveraged Buyouts in Germany / by Richard K. Lenz.

Por: Lenz, Richard K [author.]Colaborador(es): SpringerLink (Online service)Tipo de material: Texto

TextoEditor: Wiesbaden : Gabler, 2010Descripción: XII, 530p. 25 illus. online resourceTipo de contenido: text Tipo de medio: computer Tipo de portador: online resourceISBN: 9783834986009Tema(s): Economics | Banks and banking | Economics/Management Science | Finance /BankingFormatos físicos adicionales: Printed edition:: Sin títuloClasificación CDD: 657.8333 | 658.152 Clasificación LoC:HG1-9999HG4501-6051HG1501-HG3550Recursos en línea: Libro electrónico Texto

Contenidos:

and Founding Theory -- Model Building and Hypotheses Development -- Empirical Part -- Synthesis and Outlook.

En: Springer eBooksResumen: The current financial crisis has intensified the discussion around buyouts and the related value creation of financial investors. Richard K. Lenz analyses how LBOs evolve after the financial investors have exited. Based on three case studies of former LBOs in Germany, he shows that performance decline is often related to the weakening of the former performance-enhancing series of governance instruments. The author reveals that management starts to over-emphasize growth while improvements on the micro-level of the company are robust and allow outperforming competitors. Finally, he concludes that performance decline seems to be rather due to inconsistent interests and less monitoring by new shareholders than to wealth transfer towards financial investors.

Existencias ( 1 )
Notas de título ( 3 )

Existencias
Tipo de ítem	Biblioteca actual	Colección	Signatura	Copia número	Estado	Fecha de vencimiento	Código de barras
Libro Electrónico	Biblioteca Electrónica	Colección de Libros Electrónicos	HG1 -9999 (Browse shelf(Abre debajo))	1	No para préstamo		377169-2001

and Founding Theory -- Model Building and Hypotheses Development -- Empirical Part -- Synthesis and Outlook.

The current financial crisis has intensified the discussion around buyouts and the related value creation of financial investors. Richard K. Lenz analyses how LBOs evolve after the financial investors have exited. Based on three case studies of former LBOs in Germany, he shows that performance decline is often related to the weakening of the former performance-enhancing series of governance instruments. The author reveals that management starts to over-emphasize growth while improvements on the micro-level of the company are robust and allow outperforming competitors. Finally, he concludes that performance decline seems to be rather due to inconsistent interests and less monitoring by new shareholders than to wealth transfer towards financial investors.