| dc.contributor.advisor | Christopher Francis Noe. | en_US |
| dc.contributor.author | Ma, Xingjian,S.M.Sloan School of Management. | en_US |
| dc.contributor.other | Sloan School of Management. | en_US |
| dc.date.accessioned | 2019-09-16T20:59:25Z | |
| dc.date.available | 2019-09-16T20:59:25Z | |
| dc.date.copyright | 2019 | en_US |
| dc.date.issued | 2019 | en_US |
| dc.identifier.uri | https://hdl.handle.net/1721.1/122124 | |
| dc.description | Thesis: S.M. in Management Studies, Massachusetts Institute of Technology, Sloan School of Management, 2019 | en_US |
| dc.description | Cataloged from PDF version of thesis. | en_US |
| dc.description | Includes bibliographical references (page 52). | en_US |
| dc.description.abstract | This research studies the impact of LBO buyers' operation on target companies, mainly from the perspective of financial indicators and stock performance after a subsequent IPO. The results show that, on average, target companies show weaker profitability, lower operational efficiency and higher solvency risk. LBO buyers' operation is also shown to improve target companies' cash flow condition. After a subsequent IPO, target companies' stocks tend to under-perform the market during the first year, but three-year returns outperformed the market, on average. | en_US |
| dc.description.statementofresponsibility | by Xingjian Ma. | en_US |
| dc.format.extent | 58 pages | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Massachusetts Institute of Technology | en_US |
| dc.rights | MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. | en_US |
| dc.rights.uri | http://dspace.mit.edu/handle/1721.1/7582 | en_US |
| dc.subject | Sloan School of Management. | en_US |
| dc.title | Impact of leverage buyouts on target companies | en_US |
| dc.title.alternative | Impact of LBOs on target companies | en_US |
| dc.type | Thesis | en_US |
| dc.description.degree | S.M. in Management Studies | en_US |
| dc.contributor.department | Sloan School of Management | en_US |
| dc.identifier.oclc | 1119391155 | en_US |
| dc.description.collection | S.M.inManagementStudies Massachusetts Institute of Technology, Sloan School of Management | en_US |
| dspace.imported | 2019-09-16T20:59:21Z | en_US |
| mit.thesis.degree | Master | en_US |
| mit.thesis.department | Sloan | en_US |
