LBO's, reverse LBO's, and the reduction of agency problems
Jensen (1986, 1989) claims that LBO (Leveraged Buyout) process is a mechanism to decrease agency problems and improve efficiency in firms where managers' interests are not properly aligned with those of the corporation. Characteristics of LBOs such as high levels of financial leverage and manag...
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1998
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| Online Access: | http://spectrum.library.concordia.ca/452/1/MQ39969.pdf Klasa, Sandy <http://spectrum.library.concordia.ca/view/creators/Klasa=3ASandy=3A=3A.html> (1998) LBO's, reverse LBO's, and the reduction of agency problems. Masters thesis, Concordia University. |