PRIVATE EQUITY FINANCE Rise and Repercussions

by Morgan, Jamie

• ISBN13: 9780230207103
• ISBN10: 0230207103
• Format: Hardcover
• Copyright: 2008-12-15
• Publisher: Palgrave Macmillan

Summary

A history and analysis of the emergence and development of private equity finance in the UK and the USA in the context of changing liquidity conditions since the 1970s.

Author Biography

JAMIE MORGAN has lived and worked in China, Thailand and the USA. He has published in a wide variety of journals on subjects as diverse as political economy, Chinese areas studies, philosophy, international relations theory and social theory. He is currently researcher at the University of Helsinki, Finland.

Table of Contents

The Emergence of Private Equity Finance in the US: Leveraged Buyouts, Institutional Investment, Junk Bonds and the Thrifts	p. 13
Constraints on the Growth of Private Equity Finance: The Emergence of Private Equity Finance in the UK and its Recovery in the US	p. 39
The Expansion of Private Equity Finance in the UK in the Late 1990s and the US Context of the Collapse of the dot.com Boom	p. 68
Private Equity Finance in the Twenty First Century: Liquidity and the Credit Crunch	p. 92
The Role of Fees and Gearing in Leveraged Buyouts	p. 136
Theories of Leveraged Buyouts and Theories of Market Instability	p. 153
The Empirical Arguments for Specific Benefits of Private Equity: Returns to Investors, Employment, and Tax	p. 179
Alliance Boots as an Illustration of the Dynamics of Private Equity: Issues of Entitlement, Governance and the Values of Value	p. 208
Conclusion	p. 233
Notes	p. 244
Bibliography	p. 290
Index	p. 303
Table of Contents provided by Blackwell. All Rights Reserved.