Cornelli, Francesca (contributor); Li, David D. (contributor) - 2006
allow for private benefits of
control, management turnover and different methods to acquire the shares.
This trade …:
management buy-outs (MBOs) and privatizations. In both cases, managers have the
opportunity to increase substantially their … that when the management is substituted at the onset of the privatization
process by a professional “privatizer” the price …