Loughborough University
Browse

File(s) under permanent embargo

Reason: This item is currently closed access.

Private equity portfolio company performance during the global recession

journal contribution
posted on 2016-01-07, 15:49 authored by Nick Wilson, Mike Wright, Donald S. Siegel, Louise ScholesLouise Scholes
We assess the recent economic and financial performance of U.K. private equity (PE) backed buyouts. Our empirical evidence, which is based on thousands of transactions, reveals that PE-backed buyouts achieved superior economic and financial performance in the period before and during the recent global recession, relative to comparable firms that did not experience such transactions. Our regression results imply positive differentials of 5–15% in productivity and approximately 3–5% in profitability for buyout firms, relative to non-buyout firms. Another key finding is that revenue and employment growth for PE- backed firms were positive during the sample period.

History

School

  • Loughborough University London

Published in

Journal of Corporate Finance

Volume

18

Issue

1

Pages

193 - 205

Citation

WILSON, N. ... et al., 2012. Private equity portfolio company performance during the global recession. Journal of Corporate Finance, 18 (1), pp. 193 - 205.

Publisher

© Elsevier B.V.

Version

  • VoR (Version of Record)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Publication date

2012

Notes

Closed access

ISSN

0929-1199

Language

  • en

Usage metrics

    Loughborough Publications

    Categories

    No categories selected

    Keywords

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC