Privatisation

The Choice Between Various Freeze-out Procedures and its Consequences

We develop a model of freeze-out merger and tender offers and test it in an economy where merger and tender regulation are extremely different. Using a relatively large sample of 329 freeze-out offers in Israel during 2000-2019, we...

The Role of Institutional Investors in Public-to-Private Transactions

Incentives to Innovate and the Decision to Go Public or Private

Freeze-Outs: Transcontinental Analysis and Reform Proposals

Regulation of Private Equity - Backed Leveraged Buyout Activity in Europe

Private equity-backed leveraged buyout activity in European markets has risen to unprecedented levels in recent years. This has yielded significant economic benefits but it has also prompted deepening concerns about excessive...

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

The Eclipse of Private Equity

Private equity, characterized by firms operating as privately held partnerships organizing the acquisition and "taking private" of public companies, is currently dominating the business news due to deals growing rapidly in number...

Leveraged Buyouts in the U.K. and Continental Europe: Retrospect and Prospect

Market Liquidity, Investor Participation and Managerial Autonomy: Why do Firms go Private?

Public-to-Private Transactions: LBOs, MBOs, MBIs and IBOs

Leveraged Public to Private Transactions in the UK

Government Control of Privatized Firms

We study the change in government control of privatized firms in OECD countries. Results indicate that governments typically transfer ownership rights without relinquishing proportional control. Control is commonly retained by...