Do Private Equity Firms and Hedge Funds Have A Strategic Advantage in the Automotive Industry?

Date
2008
Journal Title
Journal ISSN
Volume Title
Publisher
Producer
Director
Performer
Choreographer
Costume Designer
Music
Videographer
Lighting Designer
Set Designer
Crew Member
Funder
Rehearsal Director
Concert Coordinator
Moderator
Panelist
Alternative Title
Department
Haverford College. Department of Economics
Type
Thesis
Original Format
Running Time
File Format
Place of Publication
Date Span
Copyright Date
Award
Language
eng
Note
Table of Contents
Terms of Use
Rights Holder
Access Restrictions
Haverford users only
Tripod URL
Identifier
Abstract
This paper explores whether there is a benefit, in ex-post operating performance and profitability, to a private equity buyout in the automotive industry. I also investigate whether there is a difference in performance of private equity firms in the earlier wave of buyouts and the current wave of buyouts. I find there is a significant difference in operating performance and profitability in the first and second wave relative to control firms. I further find that the first wave of buyouts has an unclear effect on the performance of the firms, while in the new wave of buyouts there is a clear benefit to a private equity buyout.
Description
Citation
Collections