| dc.contributor.author | Cumming, DJ | |
| dc.contributor.author | Sannajust, A | |
| dc.contributor.author | Tarsalewska, M | |
| dc.contributor.author | Zhu, J | |
| dc.date.accessioned | 2017-12-13T10:34:51Z | |
| dc.date.issued | 2018-02-15 | |
| dc.description.abstract | Going private transactions are often highly leveraged, and give rise to potential agency conflicts
among existing shareholders. But who exactly are those shareholders, and under what legal
conditions are these transaction more likely to occur? We examine ownership structure prior to
going private transactions in 33 countries around the world from 2002 to 2014.The data indicate
strong and consistent evidence that pre-going private ownership is characterized by higher
institutional and corporate ownership. Family ownership lowers the probability of a public to
private transaction. Stronger creditor rights increase the probability of going private particularly
for whole company and institutional buyouts | en_GB |
| dc.identifier.citation | Published online 15 February 2018. | en_GB |
| dc.identifier.doi | 10.1111/1467-8551.12281 | |
| dc.identifier.uri | http://hdl.handle.net/10871/30653 | |
| dc.language.iso | en | en_GB |
| dc.publisher | Wiley for British Academy of Management | en_GB |
| dc.rights.embargoreason | Under embargo until 15 February 2020 in compliance with publisher policy. | en_GB |
| dc.rights | © 2018 British Academy of Management. | |
| dc.subject | Ownership | en_GB |
| dc.subject | Law and finance | en_GB |
| dc.subject | Public to private transactions | en_GB |
| dc.title | Pre-Going Private Ownership Around the World | en_GB |
| dc.type | Article | en_GB |
| dc.description | This is the author accepted manuscript. The final version is available from Wiley via the DOI in this record. | en_GB |
| dc.identifier.journal | British Journal of Management | en_GB |
