Assessing the Impact of Management Buyouts on Economic Efficiency: Plant-Level Evidence From the United Kingdom
- Topics:
- Management Buy out
- Source:
- University of Durham
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Overview: This paper assesses the total factor productivity (TFP) of plants before and after management buyouts (MBOs), using the Annual Business Inquiry Respondents Database (ARD) file, which contains longitudinal data for approximately 36,000 U.K. manufacturing establishments. The preliminary results suggest that these MBO establishments were less productive than comparable plants before the transfer of ownership.
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Format: PDF | Size: 124KB | Date: Oct 2003 | Pages: 29




