Browsing by Subject "Agency theory"
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Shareholder wealth gains through better corporate governance - the case of European LBO transaction. (Springer Verlag http://dx.doi.org/10.1007/s11408-007-0061-7, 2007-12)ANDRES, C., BETZER, A. and WEIR, C. M., 2007. Shareholder wealth gains through better corporate governance - the case of European LBO transaction. Financial Markets and Portfolio Management, 21 (4), pp. 403-424We examine shareholder wealth effects in a heterogeneous sample of 115 European leveraged going private transactions from 1997 to 2005. Average abnormal returns as reaction to the LBO announcement amount to 24.20%. In ...