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Artigo Revisado por pares
BIBTEX RIS

LEVERAGED BUYOUTS AND SHAREHOLDER RETURNS

1987; Wiley; Volume: 10; Issue: 4 Linguagem: Inglês

10.1111/j.1475-6803.1987.tb00504.x

ISSN

1475-6803

Autores

Khalil M. Torabzadeh, William J. Bertin,

Tópico(s)

Financial Markets and Investment Strategies

Resumo

Abstract This study examines the risk‐adjusted stock returns realized by shareholders of firms acquired through leveraged buyouts to assess the economic gains associated with this type of acquisition. Stockholders of firms acquired through leveraged buyouts realize significant positive abnormal returns as a result of the buyout announcement. The findings support the notion of value creation in leveraged buyouts.

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