FINANCIAL REPORTING AND CONFLICTING MANAGERIAL INCENTIVES: THE CASE OF MANAGEMENT BUYOUTS
Fischer P, Louis H
We analyze the effect of external financing concerns on managers’ financial reporting behavior prior to management buyouts (MBOs). Prior studies hypothesize that managers intending to undertake an MBO have an incentive to manage earnings downward to reduce the purchase price.You need to login to download this paper.
COLLER PRIZE PRESENTATION - YOUR FORMER EMPLOYEES MATTER: PRIVATE EQUITY FIRMS AND THEIR FINANCIAL ADVISORS
30 November 2010 by Siming L
By using a unique data set, Linus Siming studies how social networks formed by former employment relationships affect private equity firms’ choice of financial adviser. This paper provides new evi...More
24 November 2010 by Chung J-W
Winner of Coller Prize PhD category in 2010.More