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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/19976

Title: Agency, strategic entrepreneurship, and the performance of private equity-backed buyouts
Authors: Meuleman, Miguel
Amess, Kevin
Wright, Mike
Scholes, Louise
Issue Date: 2009
Publisher: John Wiley & Sons, Inc. © Baylor University
Citation: MEULEMAN, M. ... et al., 2009. Agency, strategic entrepreneurship, and the performance of private equity-backed buyouts. Entrepreneurship Theory and Practice, 33 (1), pp. 213 - 239.
Abstract: Agency theory has focused on buyouts as a governance and control device to increase profitability, organizational efficiency, and limited attention to growth. A strategic entrepreneurship view of buyouts incorporates upside incentives for value creation associated with growth as well as efficiency gains. In this paper, we develop the complementarity between agency theory and strategic entrepreneurship perspectives to examine the performance implications for different types of buyouts. Further, we study how the involvement of private equity (PE) firms is related to the performance of the post-buyout firm. These issues are examined for a sample of 238 PE-backed buyouts in the UK between 1993 and 2003. Implications for theory and practice are suggested.
Description: Closed access
Version: Published
DOI: 10.1111/j.1540-6520.2008.00287.x
URI: https://dspace.lboro.ac.uk/2134/19976
Publisher Link: http://dx.doi.org/10.1111/j.1540-6520.2008.00287.x
ISSN: 1042-2587
Appears in Collections:Closed Access (Loughborough University London)

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