Cook, Douglas 0.; Easterwood, John C.; Martin, John D. - In: Financial Management 21 (1992) 1
We study the impact of 29 management buyouts (MBOs) announced during the years 1981-1989 on the value of the firms outstanding nonconvertible bonds. Using two methodologies-market-adjusted retums and mean-adjusted returns we provide evidence confirming the presence of significant bondholder...