NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Leveraged Buyouts and Private Equity

Steven N. Kaplan, Per Strömberg

NBER Working Paper No. 14207
Issued in July 2008
NBER Program(s):Corporate Finance

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.

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Document Object Identifier (DOI): 10.3386/w14207

Published: Steven N. Kaplan & Per Stromberg, 2009. "Leveraged Buyouts and Private Equity," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 121-46, Winter. citation courtesy of

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