This paper attempts to assist fellow leveraged buyout researchers understand nuanced details of corporate finance and leveraged buyouts, in particular. Given Haque, Jang, and Mayer (2022) is produced by esteemed colleagues at prestigious intuitions (Board of Governors of the Federal Reserve...

Do leveraged buyout transactions increase the chance of bankruptcy? While corporate finance theory predicts that such sharp changes in capital structure increase financial distress costs by raising the probability of bankruptcy for each company, previous studies seem to fail to find any...