ABSTRACT

Management Buyouts (MBOs) first came to prominence in the US during the early 1980s, and have subsequently become a global phenomenon and a highly significant transaction within the corporate restructuring landscape

Although much recent attention has focused on private equity (PE) backed buyouts, these are only a subset of the total MBO market. The Routledge Companion to Management Buyouts takes a much broader definition, reviewing the current state of research and theory and where further developments are likely to occur and incorporating PE and non-PE backed buyouts, as well as variations such as management buy-ins and management-employee buyouts. It goes beyond the purely financial perspective, exploring the many different aspects of management buyouts and incorporating related disciplines including strategy, organizational change, and HRM providing the first truly comprehensive authoritative resource on the topic.

Expertly edited, and drawing on international scholarship, this unique volume will be an invaluable sourcebook on MBOs for researchers and advanced students as well as those interested in the broader areas of corporate restructuring and ownership change.

 

chapter 1|26 pages

Management Buyouts

An introduction and overview
Edited ByWright Mike, Amess Kevin, Bacon Nick, Siegel Donald

part I|1 pages

Historical, legal, and regulatory issues

chapter 2|11 pages

A Brief History of Private Equity 1

Edited ByGilligan John

chapter 3|11 pages

Management Buyouts

The history of an organizational innovation
Edited ByToms Steven

chapter 4|23 pages

Interpreting the M&a Black Box by Thinking Outside the Box

Edited ByCumming Douglas, Zambelli Simona

chapter 5|13 pages

Policy, Regulation, and Private Equity

A rich research agenda?
ByGibson Sally, Witney Simon

part II|1 pages

Vendor sources

chapter 6|10 pages

Management Buyouts and Divestment

ByThompson Steve, Haynes Michelle

chapter 7|48 pages

Public-To-Private Leveraged Buyouts

ByRenneboog Luc, Vansteenkiste Cara

chapter 8|26 pages

“My Children Do Not Want the Firm”

Private equity as a succession option in family businesses A review and future directions
ByAhlers Oliver, Michel Alexandra, Hack Andreas

chapter 9|14 pages

Buyouts of Family Firms

Company metamorphosis and the family management dyad
ByHoworth Carole, Robinson Nick

chapter 10|13 pages

Buyouts From Failure

ByScholes Louise

chapter 11|13 pages

Just Another Business

Private equity in health services
ByBos Aline, Boselie Paul

chapter 12|12 pages

The Chinese Style Management Buyouts

ByDu Jun, Nguyen Bach

part III|1 pages

Financing, structuring, and private equity firms

chapter 13|21 pages

The Evolution and Strategic Positioning of Private Equity Firms 1

ByE. Hoskisson Robert, Shi Wei, Yi Xiwei, Jin Jing

chapter 14|29 pages

Are Lower Private Equity Returns the New Normal?

ByAppelbaum Eileen, Batt Rosemary

chapter 15|27 pages

Collaboration Decisions In Private Equity Investments

ByKrishna Divakaruni Anantha

chapter 16|32 pages

Private Equity in Emerging Economies

Which markets are sufficiently mature?
ByGroh Alexander

chapter 17|12 pages

Private Equity Investment in Entrepreneurial Companies

Selection & performance
ByDai Na, McAlpine Andrew

chapter 18|24 pages

Hedge Funds and Private Equity

Features, diversity, and regulations
ByCumming Douglas, Wood Geoffrey

part IV|1 pages

Post-MBO firm behavior

chapter 19|15 pages

Innovation in Private Equity Leveraged Buyouts

ByBertoni Fabio

chapter 20|16 pages

Buyouts and Investment

ByEngel Dirk, Stiebale Joel

chapter 21|12 pages

Entrepreneurship, Context, and Buyouts

ByWright Mike

chapter 22|23 pages

Resource Orchestration Post-Management Buyout

ByBruining Hans

chapter 23|15 pages

The Political Economy of Finance-Led Capitalism

Connecting financialization, private equity, and employment outcomes
ByClark Ian

chapter 24|16 pages

Hrm Practices

ByBacon Nick, Hoque Kim

part V|1 pages

Performance and life cycle

chapter 25|17 pages

The Impact on Productivity of Management Buyouts and Private Equity

ByAlperovych Yan

chapter 26|16 pages

Leveraged Buyouts

Their impact on jobs and wages
ByAmess Kevin

chapter 27|22 pages

Buyout Longevity and Post-Exit Performance 1

ByJelic Ranko, Wright Mike, Murinde Victor, Ahmad Wasim

chapter 28|14 pages

Distress, Failure, and Recovery in Private Equity Buyouts

ByWilson Nick