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      • Dept. of Management - Master's degree
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      • Bilkent Theses
      • Theses - Department of Management
      • Dept. of Management - Master's degree
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      Market reaction to private equity deal announcements

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      Author(s)
      Bilgel, Süheyl
      Advisor
      Tanyeri, Ayşe Başak
      Date
      2017-10
      Publisher
      Bilkent University
      Language
      English
      Type
      Thesis
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      Abstract
      This thesis investigates whether and how target shareholders benefit in leveraged buyout deals in which the target is a public company and the acquirer is a private equity firm. We conduct an event study and run cross sectional regressions of cumulative abnormal returns (CARs) on various firm characteristics. Target CARs average 21.17% in the 3-day event window surrounding the announcement of leveraged buyout transactions. Regression results indicate that CARs decrease with target firm size.
      Keywords
      Event Study
      Leveraged Buyout
      Private Equity
      Permalink
      http://hdl.handle.net/11693/33800
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      • Dept. of Management - Master's degree 318
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