000			02311nam a22004335i 4500
001			u377169
003			SIRSI
005			20160812084449.0
007			cr nn 008mamaa
008			100715s2010 gw | s |||| 0|eng d
020			_a9783834986009 _9978-3-8349-8600-9
040			_cMX-MeUAM
050		4	_aHG1-9999
050		4	_aHG4501-6051
050		4	_aHG1501-HG3550
082	0	4	_a657.8333 _223
082	0	4	_a658.152 _223
100	1		_aLenz, Richard K. _eauthor.
245	1	0	_aPost-LBO Development _h[recurso electrónico] : _bAnalysis of Changes in Strategy, Operations, and Performance after the Exit from Leveraged Buyouts in Germany / _cby Richard K. Lenz.
264		1	_aWiesbaden : _bGabler, _c2010.
300			_aXII, 530p. 25 illus. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
505	0		_aand Founding Theory -- Model Building and Hypotheses Development -- Empirical Part -- Synthesis and Outlook.
520			_aThe 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.
650		0	_aEconomics.
650		0	_aBanks and banking.
650	1	4	_aEconomics/Management Science.
650	2	4	_aFinance /Banking.
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9783834921635
856	4	0	_zLibro electrónico _uhttp://148.231.10.114:2048/login?url=http://link.springer.com/book/10.1007/978-3-8349-8600-9
596			_a19
942			_cLIBRO_ELEC
999			_c205049 _d205049