Private equity finance[electronic re...
Morgan, Jamie, (1969-)

 

  • Private equity finance[electronic resource] :rise and repercussions /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 658.15/224
    書名/作者: Private equity finance : rise and repercussions // Jamie Morgan.
    作者: Morgan, Jamie,
    出版者: Basingstoke [England] ; : Palgrave Macmillan,, c2009.
    面頁冊數: viii, 309 p. ;; 23 cm.
    標題: Private equity - United States.
    標題: Private equity - Great Britain.
    標題: Venture capital - United States.
    標題: Venture capital - Great Britain.
    ISBN: 9780230594876
    ISBN: 0230594875
    書目註: Includes bibliographical references (p. 290-302) and index.
    內容註: The Emergence of Private Equity Finance in the US: Leveraged Buyouts, Institutional Investment, Junk Bonds and the Thrifts -- Constraints on the Growth of Private Equity Finance: The Emergence of Private EquityFinance in the UK and its Recovery in the US -- The Expansion of Private Equity Finance in the UK in the Late 1990s and the US Context of theCollapse of the dot.com boom -- PEF Buyouts in the Twenty First Century: Liquidity and the Credit Crunch -- The Role of Fees and Gearing in Leveraged Buyouts -- Theories of Leveraged Buyouts and Theories of Market Instability -- The EmpiricalArguments for Specific Benefits of Private Equity: Returns to Investors, Employment, and Tax -- Alliance Boots as an Illustration of the Dynamics of Private Equity: Issues of Entitlement, Governance and the Values of Value.
    摘要、提要註: In 2007 private equity finance became a major issue of public concern in the UK. The failed bid to buy J. Sainsbury and the successful bid to buy Alliance Boots highlighted that private equity finance had reached a new level in its purchasing power. The controversy regarding private equity finance split into two lines of argument: were they benevolent entrepreneurs or predatory asset strippers? This book traces the historical rise of private equity finance in the US and UK over the last 40years. It shows how this new industry has grown as credit markets haveevolved. It provides a clear account of how a buyout works, of how buyouts have been theorized, and of the various empirical claims made for private equity finance. Looking at private equity in terms of its overall context of development provides an opportunity to ask a series of questions. Is private equity finance a claimed solution to problems it helps to create? Is it a claimed solution that creates new, unnecessary, problems? Does it create moral issues of entitlement?
    電子資源: access to fulltext (Palgrave)
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