Lloyd, Blenman; Nischala, Reddy - In: Journal of Financial Management, Markets and Institutions (2014) 2, pp. 157-184
Returns on LBOs are on average higher for developed economies. However, returns of LBOs during high economic growth …) economic growth rate. During periods of negative economic growth rate, LBOs in developing economies exit sooner. In periodsof … low or medium economic growth, LBOs in developing economies take longer to exit. Reputed firms and small firms have higher …