Corporate Leveraged Buyouts and Bank Financial Innovation

Author: Su Zhou
Publisher:
Publish Date: 2006-03-01
Features: This book provides a detailed introduction to the core business of investment banks—leveraged buyouts (LBOs), covering their fundamental principles, historical background, and development process. It explores the relevant theories of LBOs and their significant role in rediscovering corporate value and improving corporate governance structures during corporate restructuring. The book also analyzes the impact of debt on capital structure and agency costs, and elaborates on the constraints and incentives generated by debt on corporate management.