Private equity funds pay particular attention to capital structure when executing leveraged buyouts, creating an interesting setting for examining capital structure theories. Using a large, detailed, international sample of buyouts from 1980-2008, we find that buyout leverage is unrelated to the...

Private equity funds pay particular attention to capital structure when executing leveraged buyouts, creating an interesting setting for examining capital structure theories. Using a large, detailed, international sample of buyouts from 1980-2008, we find that buyout leverage is unrelated to the...

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...