MBO liklihood and firm characteristics: Evidence from a data envelopment analysis
|dc.contributor.author||Hoult, Regan B||en_NZ|
|dc.identifier.citation||Hoult, R. B. (2000, February 20). MBO liklihood and firm characteristics: Evidence from a data envelopment analysis (Thesis, Master of Commerce). Retrieved from http://hdl.handle.net/10523/1319||en|
|dc.description.abstract||The source(s) of wealth created by managers taking a public company private in a Management Buyout (MBO) are not well understood. This study uses Data Envelopment Analysis (DEA) to empirically test two theories on these wealth gains, Jensen's Agency Cost of Free Cash Flow theory and the Asymmetric information theory. Prior research on these two theories has failed to produce conclusive results. The DEA analysis used here finds some support for the predictions of the Agency Cost of Free Cash Flow theory, but little for the Asymmetric Information theory.||en_NZ|
|dc.subject||Data Envelopment Analysis||en_NZ|
|dc.subject||Agency Cost of Free Cash Flow theory||en_NZ|
|dc.subject||Asymmetric information theory,||en_NZ|
|dc.title||MBO liklihood and firm characteristics: Evidence from a data envelopment analysis||en_NZ|
|thesis.degree.name||Master of Commerce|
|thesis.degree.grantor||University of Otago||en_NZ|
|otago.school.eprints||Finance & Quantitative Analysis||en_NZ|
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