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dc.contributor.authorHoult, Regan Ben_NZ
dc.date.available2011-04-07T03:12:55Z
dc.date.copyright2000-02-20en_NZ
dc.identifier.citationHoult, 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/10523/1319en
dc.identifier.urihttp://hdl.handle.net/10523/1319
dc.description.abstractThe 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.subjectWealthen_NZ
dc.subjectmanagersen_NZ
dc.subjectpublic companyen_NZ
dc.subjectManagement Buyouten_NZ
dc.subjectData Envelopment Analysisen_NZ
dc.subjectAgency Cost of Free Cash Flow theoryen_NZ
dc.subjectAsymmetric information theory,en_NZ
dc.subject.lcshHF Commerceen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.subject.lcshHG Financeen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.titleMBO liklihood and firm characteristics: Evidence from a data envelopment analysisen_NZ
dc.typeThesisen_NZ
dc.description.versionUnpublisheden_NZ
otago.date.accession2007-04-05en_NZ
otago.schoolFinanceen_NZ
thesis.degree.disciplineFinanceen_NZ
thesis.degree.nameMaster of Commerce
thesis.degree.grantorUniversity of Otagoen_NZ
thesis.degree.levelMasters Thesesen_NZ
otago.interloanyesen_NZ
otago.openaccessAbstract Only
dc.identifier.eprints587en_NZ
otago.school.eprintsFinance & Quantitative Analysisen_NZ
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