Leveraged Buyouts and Private Equity阅读30 [推广有奖]

Steven N. Kaplan and Per Strömberg

Abstract
We describe and present time series evidence on the leveraged buyout / private equity industry, both firms
and transactions. We discuss the existing empirical evidence on the economics of the firms and
transactions. We consider similarities and differences between the recent private equity wave and the
wave of the 1980s. Finally, we speculate on what the evidence implies for the future of private equity.