Skip to main content Accessibility help
×
Hostname: page-component-cd9895bd7-dzt6s Total loading time: 0 Render date: 2024-12-22T20:56:01.196Z Has data issue: false hasContentIssue false

Bibliography

Published online by Cambridge University Press:  16 November 2020

Simon Witney
Affiliation:
London School of Economics and Political Science
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2021

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Acharya, Viral V., Kehoe, Conor and Reyner, Michael, ‘Private Equity vs. PLC Boards in the UK: A Comparison of Practices and Effectiveness’, Journal of Applied Corporate Finance, 21 (2009), 4556, https://doi.org/10.1111/j.1745–6622.2009.00215.xCrossRefGoogle Scholar
Acharya, Viral V., Gottschalg, Oliver F., Hahn, Moritz and Kehoe, Conor, ‘Corporate Governance and Value Creation: Evidence from Private Equity’, Review of Financial Studies, 26 (2013), 368402, https://doi.org/10.1093/rfs/hhs117Google Scholar
Achleitner, Ann-Kristin, Braun, Reiner, Engel, Nico and Figge, Christian, ‘Value Creation Drivers in Private Equity Buyouts: Empirical Evidence from Europe’, Journal of Private Equity, 13 (2010), 1727CrossRefGoogle Scholar
Adams, Renée B., Hermalin, Benjamin E. and Weisbach, Michael S., ‘The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey’, Journal of Economic Literature, 48 (2010), 58107, https://doi.org/10.1257/jel.48.1.58CrossRefGoogle Scholar
Agarwal, Vineet and Taffler, Richard J., ‘Twenty Five Years of the Taffler Z-Score Model: Does It Really Have Predictive Ability?’, Accounting and Business Research, 37 (2007), 285300CrossRefGoogle Scholar
Ahern, Deirdre, ‘Nominee Directors’ Duty to Promote the Success of the Company: Commercial Pragmatism and Legal Orthodoxy’, Law Quarterly Review, 127 (2011), 118–46Google Scholar
Alchian, Armen A. and Demsetz, Harold, ‘Production, Information Costs, and Economic Organization’, American Economic Review, 62 (1972), 777–95Google Scholar
Alperovych, Yan, Amess, Kevin and Wright, Mike, ‘Private Equity Firm Experience and Buyout Vendor Source: What Is Their Impact on Efficiency?’, European Journal of Operational Research, 228 (2013), 601–11, https://doi.org/10.1016/j.ejor.2013.01.019Google Scholar
Amess, K., ‘Management Buyouts and Firm-Level Productivity: Evidence from a Panel of UK Manufacturing Firms’, Scottish Journal of Political Economy, 49 (2002), 304–17Google Scholar
Amess, K., ‘The Effect of Management Buyouts on Firm–Level Technical Inefficiency: Evidence from a Panel of UK Machinery and Equipment Manufacturers’, Journal of Industrial Economics 51(1), (2003), 3544 https://doi.org/10.1111/1467-6451.00190CrossRefGoogle Scholar
Andrade, Gregor and Kaplan, Steven N., ‘How Costly Is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions That Became Distressed’, Journal of Finance, 53 (1998), 1443–93Google Scholar
Armour, John, ‘Corporate Opportunities: If In Doubt, Disclose (But How?)’, The Cambridge Law Journal, 63 (2004), 33–6Google Scholar
Armour, John and Conaglen, Matthew, ‘Directorial Disclosure’, The Cambridge Law Journal, 64 (2005), 4851 https://doi.org/10.1017/S0008197305366761CrossRefGoogle Scholar
Armour, J. and Whincop, M. J., ‘The Proprietary Foundations of Corporate Law’, Oxford Journal of Legal Studies, 27 (2007), 429–65 https://doi.org/10.1093/ojls/gqm009CrossRefGoogle Scholar
Attenborough, Daniel, ‘Misreading the Directors’ Fiduciary Duty of Good Faith’, Journal of Corporate Law Studies, 20(1), (2019), 7398 https://doi.org/10.1080/14735970.2019.1631516Google Scholar
Axelson, Ulf, Jenkinson, Tim, Weisbach, Michael S. and Stromberg, Per, Leverage and Pricing in Buyouts: An Empirical Analysis (August 2007). Swedish Institute for Financial Research Conference on The Economics of the Private Equity Market. Available at SSRN: https://ssrn.com/abstract=1027127 or http://dx.doi.org/10.2139/ssrn.1027127CrossRefGoogle Scholar
Axelson, Ulf, Stromberg, Per and Weisbach, Michael S., ‘Why Are Buyouts Levered: The Financial Structure of Private Equity Funds’, The Journal of Finance, 64 (2009), 1549–82CrossRefGoogle Scholar
Axelson, Ulf, Jenkinson, Tim, Stromberg, Per and Weisbach, Michael S., ‘Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts’, The Journal of Finance, 68 (2013), 2223–67, https://doi.org/10.1111/jofi.12082CrossRefGoogle Scholar
Bacon, N., Wright, M, Ball, R and Meuleman, M, ‘Private Equity, HRM, and Employment’, Academy of Management Perspectives, 27 (2012), 721, https://doi.org/10.5465/amp.2012.0130CrossRefGoogle Scholar
Bainbridge, Stephen, The New Corporate Governance in Theory and Practice (Oxford University Press, USA, 2008)CrossRefGoogle Scholar
Bainbridge, Stephen M., ‘Community and Statism: A Conservative Contractarian Critique of Progressive Corporate Law Scholarship’, 82 Cornell L. Rev., 82 (2001), 856904Google Scholar
Bainbridge, Stephen M., Corporate Governance after the Financial Crisis (Oxford University Press, 2011)Google Scholar
Bainbridge, Stephen M., ‘Director Primacy: The Means and Ends of Corporate Governance’, Northwestern University Law Review, 97 (2003), 547606Google Scholar
Bainbridge, Stephen M., ‘Director Primacy and Shareholder Disempowerment’, Harvard Law Review, 119(6), (April 2006), 1735–58Google Scholar
Bainbridge, Stephen M. and Todd Henderson, M, ‘Boards-R-Us: Reconceptualizing Corporate Boards’, Stanford Law Review, 66 (2014), 1051–19Google Scholar
Bakan, Joel, ‘The Invisible Hand of Law: Private Regulation and the Rule of Law’, Cornell International Law Journal, 48 (2015), 279300Google Scholar
Baker, George P., ‘Beatrice: A Study in the Creation and Destruction of Value’, The Journal of Finance, 47 (1992), 1081–19CrossRefGoogle Scholar
Baker, George P. and Wruck, Karen H., ‘Organizational Changes and Value Creation in Leveraged Buyouts’, Journal of Financial Economics, 25 (1989), 163–90, https://doi.org/10.1016/0304-405X(89)90080–9Google Scholar
Bartlett, Joseph W., Equity Finance: Venture Capital, Buyouts, Restructurings and Reorganizations, volume I (Wolters Kluwer Law & Business, 1995)Google Scholar
Bebchuk, L. A., ‘The Debate on Contractual Freedom in Corporate Law’, Columbia Law Review, 89 (1989), 13951415Google Scholar
Becht, Marco and Bohmer, Ekkehart, ‘Ownership and Voting Power in Germany’, in The Control of Corporate Europe, ed. by Barca, Fabrizio and Becht, Marco (Oxford: Oxford University Press, 2001), pp. 128–53Google Scholar
Beck, S. M., ‘The Saga of Peso Silver Mines: Corporate Opportunity Reconsidered’, Canadian Bar Review, 49 (1971), 80119Google Scholar
Berle, Adolf A. and Means, Gardiner C., The Modern Corporation and Private Property (Transaction Publishers; reprint edition, 1932)Google Scholar
Bernstein, Shai, Lerner, Josh and Mezzanotti, Filippo, ‘Private Equity and Financial Fragility during the Crisis’, The Review of Financial Studies, 32(4), (April 2019), 1309–73 https://doi.org/10.1093/rfs/hhy078CrossRefGoogle Scholar
Bernstein, Shai, Lerner, Josh and Mezzanotti, Filippo, ‘The Operational Consequences of Private Equity Buyouts: Evidence from the Restaurant Industry’, Review of Financial Studies, 29(9), (September 2016), 23872418, https://doi.org/10.1093/rfs/hhw037CrossRefGoogle Scholar
Birds, John, ‘The Permissible Scope of Articles Excluding the Duties of Company Directors’, The Modern Law Review, 39 (1976), 394401Google Scholar
Blair, Margaret M. and Stout, Lynn A., ‘A Team Production Theory of the Firm’, Virginia Law Review, 85 (1999), 247328Google Scholar
Blake, Jonathan and Robinson, Lorraine, ‘Private Equity Fund Structures – the Limited Partnership’, in Private Equity: A Transactional Analysis, ed. by Hale, Chris, 3rd edn (Globe Law and Business, 2015)Google Scholar
Bloom, Nicholas, Sadun, Raffaella and Van Reenen, John, ‘Do Private Equity Owned Firms Have Better Management Practices?’, American Economic Review, 105 (2015), 442–46 https://doi.org/10.1257/aer.p20151000Google Scholar
Bottazzi, Laura, Da Rin, Marco and Hellmann, Thomas, ‘Who Are the Active Investors?. Evidence from Venture Capital’, Journal of Financial Economics, 89 (2008), 488512Google Scholar
Brainard, William C. and Tobin, James, ‘Pitfalls in Financial Model Building’, The American Economic Review, 58 (1968), 99122Google Scholar
Bratton, William W., ‘The New Economic Theory of the Firm: Critical Perspectives from History’, Stanford Law Review, 41 (1989), 1471–527 https://doi.org/10.2307/1228806CrossRefGoogle Scholar
Bratton, William and Wachter, Michael, ‘Shareholders and Social Welfare’, Seattle University Law Review, 36 (2013), 489526Google Scholar
Braun, Michael R. and Latham, Scott F., ‘Rethinking Value Creation in Leveraged Buyouts’, Management Decision, 47 (2009), 702–29 https://doi.org/10.1108/00251740910960088Google Scholar
Braun, Michael R. and Latham, Scott F., ‘The Governance of Going Private Transactions: The Leveraged Buyout Board of Directors as a Distinctive Source of Value’, Management Decision, 45 (2007), 866–82 https://doi.org/10.1108/00251740710753684CrossRefGoogle Scholar
British Private Equity and Venture Capital Association, BVCA Performance Measurement Survey 2017 (London, 2018)Google Scholar
Brudney, Victor and Clark, Robert Charles, ‘A New Look at Corporate Opportunities’, Harvard Law Review, 94 (1981), 9971062 https://doi.org/10.2307/1340688CrossRefGoogle Scholar
Bruton, Garry D., Keels, Kay J. and Scifres, Elton L, ‘Corporate Restructuring and Performance: An Agency Perspective on the Complete Buyout Cycle’, Journal of Business Research, 55 (2002), 709–24 https://doi.org/10.1016/S0148-2963(00)00212–5Google Scholar
Cheffins, Brian and Armour, John, ‘The Eclipse of Private Equity’, Delaware Journal of Corporate Law, 33 (2008), 167Google Scholar
Cheffins, Brian R., Company Law: Theory, Structure, and Operation (Oxford University Press, 1997)Google Scholar
Cheffins, Brian R., Corporate Ownership and Control (Oxford University Press, 2008) https://doi.org/10.1093/acprof:oso/9780199236978.001.0001Google Scholar
Cheffins, Brian R., ‘The Stewardship Code’s Achilles’ Heel’, Modern Law Review, 73 (2010), 1004–25Google Scholar
Choi, S. J., Gulati, M and Posner, E. A., ‘The Evolution of Contractual Terms in Sovereign Bonds’, Journal of Legal Analysis, 4 (2012), 131–79 https://doi.org/10.1093/jla/las004CrossRefGoogle Scholar
Churk, Shue Sing, ‘Just Abolish the No Profit Rule’, International Company and Commercial Law Review, 26 (2015), 244–51Google Scholar
Clark, Ian, ‘Templates for Financial Control? Management and Employees under the Private Equity Business Model’, Human Resource Management Journal, 23 (2013), 144–59 https://doi.org/10.1111/j.1748–8583.2012.00192.xGoogle Scholar
Clark, Robert C, ‘Contracts, Elites, and Traditions in the Making of Corporate Law’, Columbia Law Review, 89 (1989), 1703–47 https://doi.org/10.2307/1122816Google Scholar
De Clercq, Dirk and Dimov, Dimo, ‘Internal Knowledge Development and External Knowledge Access in Venture Capital Investment Performance’, Journal of Management Studies, 45 (2008), 585612 https://doi.org/10.1111/j.1467–6486.2007.00747.xCrossRefGoogle Scholar
Coase, R. H., ‘The Nature of the Firm’, Economica, 4 (1937), 386405 https://doi.org/10.1111/j.1468–0335.1937.tb00002.xCrossRefGoogle Scholar
Coase, R. H., ‘The Problem of Social Cost’, The Journal of Law and Economics, 3 (1960), 1 https://doi.org/10.1086/466560Google Scholar
Coates, John C. IV, ‘Measuring the Domain of Mediating Hierarchy: How Contestable Are U.S. Public Corporations’, Journal of Corporation Law, 24 (1998), 837–67Google Scholar
Cohn, Jonathan B., Mills, Lillian F. and Towery, Erin M., ‘The Evolution of Capital Structure and Operating Performance after Leveraged Buyouts: Evidence from U.S. Corporate Tax Returns’, Journal of Financial Economics, 111 (2014), 469–94CrossRefGoogle Scholar
Collison, David, Cross, Stuart, Ferguson, John, Power, David and Stevenson, Lorna, Shareholder Primacy in UK Corporate Law: An Exploration of the Rationale and Evidence (Association of Chartered Certified Accountants, 2011)Google Scholar
Conaglen, Matthew, ‘Fiduciary Regulation of Conflicts between Duties’, Law Quarterly Review, 125 (2009), 111–41Google Scholar
Conaglen, Matthew, ‘The Nature and Function of Fiduciary Loyalty’, Law Quarterly Review, 121 (2005), 452–80Google Scholar
Cooke, Darryl J., Private Equity: Law and Practice, 5th edn (Sweet & Maxwell, 2015)Google Scholar
Cornelli, Francesca, Ioannou, Ioannis and Zhang, Thomas, ESG Moving out of the Compliance Room and into the Heart of the Investment Process (London Business School, ADVEQ Applied Research Series, 2015)Google Scholar
Cornelli, Francesca and Karakas, Oguzhan, ‘Private Equity and Corporate Governance: Do LBOs Have More Effective Boards?’, The Global Impact of Private Equity Report, (2008), 6584 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1102467Google Scholar
Cornelli, Francesca, Kominek, Zbigniew and Ljungqvist, Alexander, ‘Monitoring Managers: Does It Matter?’, Journal of Finance, 68 (2013), 431–81Google Scholar
Cotter, James F. and Peck, Sarah W., ‘The Structure of Debt and Active Equity Investors: The Case of the Buyout Specialist’, Journal of Financial Economics, 59 (2001), 101–47CrossRefGoogle Scholar
Cressy, R, Munari, F and Malpiero, A, ‘Playing to Their Strengths? Evidence That Specialization in the Private Equity Industry Confers Competitive Advantage’, Journal of Corporate Finance, 13 (2007), 647–69Google Scholar
Crifo, Patricia, Forget, Vanina D. and Teyssier, Sabrina, ‘The Price of Environmental, Social and Governance Practice Disclosure: An Experiment with Professional Private Equity Investors’, Journal of Corporate Finance, 30 (2015), 168–94 https://doi.org/10.1016/j.jcorpfin.2014.12.006CrossRefGoogle Scholar
Cumming, Douglas, Siegel, Donald S. and Wright, Mike, ‘Private Equity, Leveraged Buyouts and Governance’, Journal of Corporate Finance, 13 (2007), 439–60 https://doi.org/10.1016/j.jcorpfin.2007.04.008CrossRefGoogle Scholar
Daily, Catherine M., Dalton, Dan R. and Cannella, Albert A., ‘Corporate Governance: Decades of Dialogue and Data’, The Academy of Management Review, 28 (2003), 371 https://doi.org/10.2307/30040727Google Scholar
Dallas, Lynne L., ‘The Relational Board: Three Theories of Corporate Boards of Directors’, Journal of Corporation Law, 22 (1996), 125Google Scholar
Davies, P. L., Gower, L. C. B., Worthington, Sarah and Micheler, Eva, Gower: Principles of Modern Company Law, 10th edn, (London, 2016)Google Scholar
Davies, Paul S., Virgo, Graham and Burn, Edward, Equity & Trusts: Text, Cases, and Materials (Oxford University Press, 2013)CrossRefGoogle Scholar
Davies, Professor Paul and Worthington, Professor Sarah, Gower & Davies: Principles of Modern Company Law, 9th edn (Sweet & Maxwell, 2012)Google Scholar
Davis, James H., David Schoorman, F and Donaldson, Lex, ‘Toward a Stewardship Theory of Management’, The Academy of Management Review, 22 (1997), 20 https://doi.org/10.2307/259223Google Scholar
Davis, Steven J., Haltiwanger, John C., Handley, Kyle, Lipsius, Ben, Lerner, Josh and Miranda, Javier, ‘The Economic Effects of Private Equity Buyouts’, SSRN Electronic Journal, (2019) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3465723Google Scholar
Davis, Steven J., Haltiwanger, John C., Handley, Kyle, Jarmin, Ron, Lerner, Josh and Miranda, Javier, ‘Private Equity, Jobs, and Productivity’, American Economic Review, 104 (2014), 4184–204Google Scholar
Deakin, Simon, Gindis, David, Hodgson, G.M., Huang, Kainan and Pistor, Katharina, ‘Legal Institutionalism: Capitalism and the Constitutive Role of Law’, Journal of Comparative Economics, Elsevier, 45(1), (2016), 188200Google Scholar
Debevoise & Plimpton LLP (Simon Witney), The Duty of UK Company Directors to Consider Relevant ESG Factors, 2019 https://www.unpri.org/download?ac=9525Google Scholar
Demiroglu, Cem and James, Christopher M., ‘The Role of Private Equity Group Reputation in LBO Financing’, Journal of Financial Economics, 96 (2010), 306–30 https://doi.org/10.1016/j.jfineco.2010.02.001CrossRefGoogle Scholar
Demsetz, Harold, ‘The Structure of Ownership and the Theory of the Firm’, The Journal of Law & Economics, 26 (1983), 375–90Google Scholar
Demsetz, Harold and Villalonga, Belén, ‘Ownership Structure and Corporate Performance’, Journal of Corporate Finance, 7 (2001), 209–33 https://doi.org/10.1016/S0929-1199(01)00020–7CrossRefGoogle Scholar
Denis, David J., ‘Organizational Form and the Consequences of Highly Leveraged Transactions: Kroger’s Recapitalization and Safeway’s LBO’, Journal of Financial Economics, 36 (1994), 193224 https://doi.org/10.1016/0304-405X(94)90024–8CrossRefGoogle Scholar
Department for Business Energy and Industrial Strategy, Corporate Governance Reform, 2016Google Scholar
Department for Business Energy and Industrial Strategy, The Companies (Miscellaneous Reporting) Regulations 2018 Q&A, 2018Google Scholar
Donaldson, Lex and Davis, James, ‘Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns’, Australian Journal of Management, 16 (1991), 4964Google Scholar
Drees, Johannes M and Pursey Pmar, M a R Heugens, ‘Synthesizing and Extending Resource Dependence Theory: A Meta-Analysis.’, Journal of Management, 39 (2013), 1666–98 https://doi.org/10.1177/0149206312471391Google Scholar
Dyck, Alexander and Zingales, Luigi, ‘Private Benefits of Control: An International Comparison’, The Journal of Finance, 59 (2004), 537600 https://doi.org/10.1111/j.1540–6261.2004.00642.xCrossRefGoogle Scholar
Easterbrook, Frank H and Fischel, Daniel R, ‘The Corporate Contract’, Columbia Law Review, 89 (1989), 1416Google Scholar
Easterbrook, Frank H and Fischel, Daniel R, The Economic Structure of Corporate Law (Harvard University Press, 1991)Google Scholar
Easterbrook, Frank H and Fischel, Daniel R, ‘Voting in Corporate Law’, Journal of Law and Economics, 26 (1983), 395427Google Scholar
Eaton, Charlie, Howell, Sabrina, Yannelis, Constantine, Dinerstein, Michael, Ewens, Michael, Hoxby, Caroline and others, When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education (NBER Working Paper Series), 2018CrossRefGoogle Scholar
Eccles, Robert G., Ioannou, Ioannis and Serafeim, George, ‘The Impact of Corporate Sustainability on Organizational Processes and Performance’, Management Science, 60 (2014), 2835–57 https://doi.org/10.1287/mnsc.2014.1984Google Scholar
Ernst & Young, Annual Report on the Performance of Portfolio Companies 2018 (London, 2018)Google Scholar
Ernst & Young, Branching out: How Do Private Equity Investors Create Value (London, 2012)Google Scholar
Esposito, Robert T., ‘The Social Enterprise Revolution in Corporate Law: A Primer on Emerging Corporate Entities in Europe and the United States and the Case for the Benefit Corporation’, William and Mary Business Law Review, 4 (2012), 639714Google Scholar
van Essen, Marc, Strike, Vanessa M., Carney, Michael and Sapp, Stephen, ‘The Resilient Family Firm: Stakeholder Outcomes and Institutional Effects’, Corporate Governance: An International Review, 23 (2015), 167–83 https://doi.org/10.1111/corg.12087Google Scholar
Fama, Eugene F., ‘Agency Problems and the Theory of the Firm’, Journal of Political Economy, 88(2)(1980), 288307 https://doi.org/10.1086/260866CrossRefGoogle Scholar
Fama, Eugene F. and Jensen, Michael C., ‘Separation of Ownership and Control’, The Journal of Law and Economics, 26(2), (1983), 301–25Google Scholar
Farrar, John and Watson, Susan, ‘Self-Dealing, Fair Dealing and Related Party Transactions – History, Policy and Reform’, Journal of Corporate Law Studies, 11 (2011), 495523Google Scholar
Ferran, Eilìs, ‘After the Crisis: The Regulation of Hedge Funds and Private Equity in the EU’, E.B.O.R., 12 (2011), 379414Google Scholar
Ferreira, Daniel, Kershaw, David, Kirchmaier, Tom and Schuster, Edmund-Philipp, ‘Shareholder Empowerment and Bank Bailouts’, ECGI – Finance Working Paper No. 345/2013, 2013 https://doi.org/10.2139/ssrn.2170392Google Scholar
Financial Reporting Council, Guidance on the Strategic Report 2018, 2018Google Scholar
Financial Reporting Council, The UK Corporate Governance Code, 2018Google Scholar
Financial Reporting Council, The Wates Corporate Governance Principles for Large Private Companies, 2018Google Scholar
de Fontenay, Elisabeth, ‘Private Equity Firms as Gatekeepers’, Review of Banking & Financial Law, 33 (2014), 115–89Google Scholar
Forbes, D. P. and Milliken, F. J., ‘Cognition and Corporate Governance: Understanding Boards of Directors as Strategic Decision-Making Groups’, Academy of Management Review, 24 (1999), 489505 https://doi.org/10.5465/AMR.1999.2202133CrossRefGoogle Scholar
Franks, J. and Mayer, C, ‘Ownership and Control of German Corporations’, Review of Financial Studies, 14 (2001), 943–77 https://doi.org/10.1093/rfs/14.4.943CrossRefGoogle Scholar
Franks, Julian and Mayer, Colin, ‘Ownership and Control’, in Trends in Business Organization: Do Particpation and Cooperation Increase Competitiveness?, ed. by Siebert, H (Tubingen: Mohr, 1995)Google Scholar
Friede, Gunnar, Busch, Timo and Bassen, Alexander, ‘ESG and Financial Performance: Aggregated Evidence from More than 2000 Empirical Studies’, Journal of Sustainable Finance and Investment, 5 (2015), 210–33 https://doi.org/10.1080/20430795.2015.1118917Google Scholar
Garriga, Elisabet and Melé, Domènec, ‘Corporate Social Responsibility Theories: Mapping the Territory’, Journal of Business Ethics, 53 (2004), 5171 https://doi.org/10.1023/B:BUSI.0000039399.90587.34Google Scholar
Gertner, Robert H. and Kaplan, Steven N., The Value-Maximizing Board (University of Chicago and NBER, 1996)Google Scholar
Gibbs, David, ‘The Absolute Limit of Directors’ Fiduciary Liability for Conflicts of Interest: The Director’s Perspective’, The Company Lawyer, 36 (2015), 231–43Google Scholar
Gilligan, John and Wright, Mike, Private Equity Demystified: An Explanatory Guide, 3rd edn (ICAEW, London, 2014)Google Scholar
Gilson, Ronald J. and Gordon, Jeffrey N, ‘The Agency Costs of Agency Capitalism: Activist Investors and the Revaluation of Governance Rights’, Columbia Law Review, 113 (2013), 863927Google Scholar
Gompers, Paul A., ‘Optimal Investment, Monitoring, and the Staging of Venture Capital’, Journal of Finance, 50 (1995), 1461–89Google Scholar
Gompers, Paul A. and Lerner, Josh, ‘The Use of Covenants: An Empirical Analysis of Venture Partnership Agreements’, Journal of Law and Economics, 39 (1996), 463–98Google Scholar
Gompers, Paul, Kaplan, Steven N. and Mukharlyamov, Vladimir, ‘What Do Private Equity Firms Say They Do?’, Journal of Financial Economics, 121 (2016), 449–76 https://doi.org/10.1016/j.jfineco.2016.06.003CrossRefGoogle Scholar
Gower, L. C. B., The Principles of Modern Company Law, 3rd edn (London: Stevens, 1969)Google Scholar
Graf, Christian, Kaserer, Christoph and Schmidt, Daniel M., ‘Private Equity: Value Creation and Performance’, in The Oxford Handbook of Private Equity, ed. by Cumming, Douglas (Oxford: Oxford University Press, 2012), pp. 347–85Google Scholar
Grantham, Ross, ‘The Doctrinal Basis of The Rights of Company Shareholders’, The Cambridge Law Journal, 57 (1998), 554–88CrossRefGoogle Scholar
Green, Sebastian, ‘The Impact of Ownership and Capital Structure on Managerial Motivation and Strategy in Management Buy-Outs: A Cultural Analysis’, Journal of Management Studies, 29 (1992), 513–35 https://doi.org/10.1111/j.1467–6486.1992.tb00676.xGoogle Scholar
Groh, Alexander P. and Gottschalg, Oliver, The Opportunity Cost of Capital of US Buyouts (National Bureau of Economic Research Working Paper 14148, 2008)Google Scholar
Grossman, Sanford J. and Hart, Oliver D., ‘The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration’, Journal of Political Economy, 94 (1986), 691719Google Scholar
Gulati, Mitu and Scott, Robert, The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design (University of Chicago Press, 2012)CrossRefGoogle Scholar
Guo, Shourun, Hotchkiss, Edith S. and Song, Weihong, ‘Do Buyouts (Still) Create Value?’, The Journal of Finance, 66 (2011), 479517 https://doi.org/10.1111/j.1540–6261.2010.01640.xCrossRefGoogle Scholar
Hale, Chris, ed., Private Equity: A Transactional Analysis, 3rd edn (Globe Law and Business, 2015)Google Scholar
Halpern, Paul, Kieschnick, Robert and Rotenberg, Wendy, ‘On the Heterogeneity of Leveraged Going Private Transactions’, The Review of Financial Studies, 12 (1999), 281309Google Scholar
Han, Ki C. and Suk, David Y., ‘The Effect of Ownership Structure on Firm Performance: Additional Evidence’, Review of Financial Economics, 7 (1998), 143–55 https://doi.org/10.1016/S1058-3300(99)80150–5Google Scholar
Hansmann, Henry and Kraakman, Reinier H, ‘The End of History for Corporate Law’, The Georgetown Law Journal, 89 (2001), 439 https://doi.org/10.2139/ssrn.204528Google Scholar
Harris, Richard, Siegel, Donald S. and Wright, Mike, ‘Assessing the Impact of Management Buyouts on Economic Efficiency: Plant-Level Evidence from the United Kingdom’, The Review of Economics and Statistics, 87 (2005), 148–53Google Scholar
Harris, Robert S., Jenkinson, Tim and Kaplan, Steven N., ‘Private Equity Performance: What Do We Know?’, Journal of Finance, 69 (2014), 1851–82 https://doi.org/10.2139/ssrn.1932316Google Scholar
Hart, Oliver, ‘Corporate Governance: Some Theory and Implications’, Economic Journal, 105 (1995), 678–89Google Scholar
Hart, Oliver, Firms, Contracts and Financial Structure (Oxford University Press, 1995)Google Scholar
Hart, Oliver and Moore, John, ‘Property Rights and the Nature of the Firm’, Journal of Political Economy, 98(6), (1990), 11191158.Google Scholar
Hausman, Daniel M. and McPherson, Michael S, Economic Analysis, Moral Philosophy, and Public Policy (New York: Cambridge University Press, 2006)Google Scholar
Higson, Chris and Stucke, Rüdiger, ‘The Performance of Private Equity’, SSRN Electronic Journal, (2012) https://doi.org/10.2139/ssrn.2009067CrossRefGoogle Scholar
Hillman, A. J. and Dalziel, T, ‘Boards of Directors and Firm Performance: Integrating Agency and Resource Dependence Perspectives’, Academy of Management Review, 28 (2003), 383–96 https://doi.org/10.5465/AMR.2003.10196729Google Scholar
Holmstrom, Bengt, ‘Moral Hazard in Teams’, The Bell Journal of Economics 13 (1982), 324–40 https://doi.org/10.2307/3003457Google Scholar
Holthausen, Robert W. and Larcker, David F., ‘The Financial Performance of Reverse Leveraged Buyouts’, Journal of Financial Economics, 42 (1996), 293332 https://doi.org/10.1016/0304-405X(96)00884–7Google Scholar
Hutton, Will, How Good We Can Be: Ending the Mercenary Society and Building a Great Country (London: Little, Brown, 2015)Google Scholar
IAG, and Taraz, Thompson, RRiPE (London, 2015)Google Scholar
Europe, Invest, Invest Europe Professional Standards Handbook (Brussels, 2018)Google Scholar
Ireland, Paddy, ‘Property and Contract in Contemporary Corporate Theory’, Legal Studies, 23 (2003), 453509 https://doi.org/10.1111/j.1748-121X.2003.tb00223.xGoogle Scholar
Jelic, Ranko, ‘Staying Power of UK Buy-Outs’, Journal of Business Finance & Accounting, 38 (2011), 945–86 https://doi.org/10.1111/j.1468–5957.2011.02256.xGoogle Scholar
Jelic, Ranko and Wright, Mike, ‘Exits, Performance, and Late Stage Private Equity: The Case of UK Management Buy-Outs’, European Financial Management, 17 (2011), 560–93 https://doi.org/10.1111/j.1468-036X.2010.00588.xGoogle Scholar
Jensen, Darryn, ‘Prescription and Proscription in Fiduciary Obligations’, King’s Law Journal, 21 (2010), 333–54Google Scholar
Jensen, Michael C., ‘Agency Cost of Free Cash Flow, Corporate Finance, and Takeovers’, American Economic Review, 76 (1986), 323–29Google Scholar
Jensen, Michael C. and Meckling, William H., ‘Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure’, Journal of Financial Economics, 3 (1976), 305–60 https://doi.org/10.1016/0304-405X(76)90026-XCrossRefGoogle Scholar
Jensen, Michael C, ‘Eclipse of the Public Corporation’, Harvard Business Review, Sept/Oct (1989), 6174 https://hbr.org/1989/09/eclipse-of-the-public-corporationGoogle Scholar
Jensen, Michael C, ‘Value Maximization, Stakeholder Theory, and the Corporate Objective Function’, Journal of Applied Corporate Finance, 14 (2001), 821 https://doi.org/10.1111/j.1745–6622.2001.tb00434.xGoogle Scholar
Jensen, Michael C, ‘Value Maximization, Stakeholder Theory, and the Corporate Objective Function’, Business Ethics Quarterly, 12 (2002), 235–56 https://doi.org/10.2307/3857812Google Scholar
Johnson, Jonathan L, Daily, Catherine M and Ellstrand, Alan E, ‘Boards of Directors: A Review and Research Agenda’, Journal of Management, 22 (1996), 409–38 https://doi.org/10.1016/S0149-2063(96)90031–8Google Scholar
Johnson, Simon, La Porta, Rafael, Lopez-de-Silanes, Florencio and Shleifer, Andrei, ‘Tunneling’, American Economic Review, 90 (2000), 2227 https://doi.org/10.1257/aer.90.2.22Google Scholar
Joo, Thomas W., ‘Theories and Models of Corporate Governance’, in Corporate Governance: A Synthesis of Theory, Research and Practice, ed. by Baker, H. K and Anderson, R (Hoboken: John Wiley & Sons, 2010), pp. 157–74Google Scholar
Kahneman, Daniel, Thinking, Fast and Slow (Penguin Books, 2011)Google Scholar
Kalintiri, Andriani, ‘Revisiting Parental Liability in EU Competition Law’, European Law Review, 43 (2018), 145–66Google Scholar
Kaplan, Robert S., ‘The Evolution of Management Accounting’, The Accounting Review, 59 (1984), 390418Google Scholar
Kaplan, Steven, ‘The Effects of Management Buyouts on Operating Performance and Value’, Journal of Financial Economics, 24 (1989), 217–54 https://doi.org/10.1016/0304-405X(89)90047–0Google Scholar
Kaplan, Steven N. and Sensoy, Berk A., ‘Private Equity Performance: A Survey’, Annual Review of Financial Economics, 7 (2015), 597614 https://doi.org/10.1146/annurev-financial-111914–041858Google Scholar
Kaplan, Steven N. and Stromberg, Per, ‘Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts’, Review of Economic Studies, 70 (2003), 281315 https://doi.org/10.1111/1467-937X.00245Google Scholar
Kaplan, Steven N. and Strömberg, Per, ‘Characteristics, Contracts, and Actions: Evidence from Venture Capitalist Analyses’, The Journal of Finance, 59 (2004), 2177–210 https://doi.org/10.1111/j.1540–6261.2004.00696.xGoogle Scholar
Kaplan, Steven N. and Schoar, Antoinette, ‘Private Equity Performance: Returns, Persistence and Capital Flows’, Journal of Finance, 60 (2005), 1791–823Google Scholar
Kaplan, Steven N. and Strömberg, Per, ‘Leveraged Buyouts and Private Equity’, Journal of Economic Perspectives, 23(1), (2009), 121–46Google Scholar
Kar, Nicole and Franchoo, Thomas, ‘Liability for Cartel Activity: Who Carries the Can?’, Practical Law for Companies, 26 (2015), 2737Google Scholar
Kaserer, Christoph, Return Attribution in Mid-Market Buy-Out Transactions – New Evidence from Europe, SSRN Electronic Journal (SSRN Electronic Journal, 19 October 2011) https://doi.org/10.2139/ssrn.1946110Google Scholar
Kavadis, Nikolaos and Castañer, Xavier, ‘Who Drives Corporate Restructuring? Co-Existing Owners in French Firms’, Corporate Governance: An International Review, 23 (2015), 417–33 https://doi.org/10.1111/corg.12108Google Scholar
Keay, Andrew, ‘Assessing and Rethinking the Statutory Scheme for Derivative Actions under the Companies Act 2006’, Journal of Corporate Law Studies, 16 (2016), 3968 https://doi.org/10.1080/14735970.2015.1090140Google Scholar
Keay, Andrew, Directors’ Duties (Jordans Publishing Limited, 2014)Google Scholar
Keay, Andrew, ‘The Duty to Promote the Success of the Company: Is It Fit for Purpose in a Post-Financial Crisis World?’, in Directors’ Duties and Shareholder Litigation in the Wake of the Financial Crisis, ed. by Loughrey, Joan (Cheltenham, UK and Northamption, MA, USA: Edward Elgar, 2012), pp. 5097Google Scholar
Keay, Andrew and Adamopoulou, Rodoula, ‘Shareholder Value and UK Companies: A Positivist Inquiry’, European Business Organization Law Review, 13 (2012), 129 https://doi.org/10.1017/S1566752912000018Google Scholar
Keay, Andrew, Loughrey, Joan, McNulty, Terry, Okanigbuan, Francis and Stewart, Abigail, ‘Business Judgment and Director Accountability: A Study of Case-Law over Time’, Journal of Corporate Law Studies, (2019), www.tandfonline.com/doi/full/10.1080/14735970.2019.1695516Google Scholar
Kershaw, David, Company Law in Context: Text and Materials, 2nd edn (Oxford University Press, 2012)Google Scholar
Kershaw, David, ‘Does It Matter How the Law Thinks about Corporate Opportunities?’, Legal Studies, 25 (2005), 533–58 https://doi.org/10.1111/j.1748-121X.2005.tb00683.xGoogle Scholar
Kershaw, David, ‘Lost in Translation: Corporate Opportunities in Comparative Perspective’, Oxford Journal of Legal Studies, 25 (2005), 603–27 https://doi.org/10.1093/ojls/gqi032Google Scholar
Kershaw, David, ‘The Path of Corporate Fiduciary Law’, NYU Journal of Law & Business, 8 (2012), 395485Google Scholar
Kieschnick, Jr, Robert, L., ‘Free Cash Flow and Stockholder Gains in Going Private Transactions Revisited’, Journal of Business Finance & Accounting, 25 (1998), 187202 https://doi.org/10.1111/1468–5957.00183Google Scholar
Klausner, Michael, ‘Corporations, Corporate Law, and Networks of Contracts’, Virginia Law Review, 81 (1995), 757852 https://doi.org/10.2307/1073499Google Scholar
Klausner, Michael, ‘Fact and Fiction in Corporate Law and Governance’, Stanford Law Review, 65 (2013), 1325–70 https://doi.org/10.2139/ssrn.2297640Google Scholar
Klausner, Michael, ‘The Contractarian Theory of Corporate Law: A Generation Later’, Journal of Corporation Law, 31 (2006), 779Google Scholar
Koh, Pearlie, ‘Once a Director, Always a Fiduciary?’, The Cambridge Law Journal, 62 (2003), 403–43 https://doi.org/10.1017/S0008197303006366Google Scholar
Kraakman, Reinier H., Armour, John, Davies, Paul L, Enriques, Luca, Hansmann, Henry, Hertig, Gerard and others, The Anatomy of Corporate Law: A Comparative and Functional Approach, 2nd edn (Oxford University Press, 2009)Google Scholar
Kumar, Praveen and Zattoni, Alessandro, ‘Ownership Structure, Corporate Governance and Firm Performance’, Corporate Governance: An International Review, 23 (2015), 469–71 https://doi.org/10.1111/corg.12146Google Scholar
L’Her, Jean-François, Stoyanova, Rossitsa, Shaw, Kathryn, Scott, William and Lai, Charissa, ‘A Bottom-Up Approach to the Risk-Adjusted Performance of the Buyout Fund Market’, Financial Analysts Journal, 72 (2016), 3648 https://doi.org/10.2469/faj.v72.n4.1Google Scholar
Leddy, Mark and Van Melkebeke, Athina, ‘Parental Liability in EU Competition Law’, European Competition Law Review, 40 (2019), 407–16Google Scholar
Lee, Rebecca, ‘Rethinking the Content of the Fiduciary Obligation’, Conveyancer and Property Lawyer, 3 (2009), 236–53Google Scholar
Lehn, Kenneth and Poulsen, Annette, ‘Free Cash Flow and Stockholder Gains in Going Private Transactions’, The Journal of Finance, 44 (1989), 771–87 https://doi.org/10.2307/2328782Google Scholar
Lerner, Josh, Sorensen, Morten and Strömberg, Per, ‘Private Equity and Long-Run Investment: The Case of Innovation’, The Journal of Finance, 66 (2011), 445–77 https://doi.org/10.1111/j.1540–6261.2010.01639.xGoogle Scholar
Leslie, Phillip and Oyer, Paul, Managerial Incentives and Value Creation: Evidence from Private Equity (National Bureau of Economic Research Working Paper 14331, 10 September 2008)Google Scholar
Levin, Jack S., Structuring Venture Capital, Private Equity, and Entrepreneurial Transactions (Aspen Publishers, 2006)Google Scholar
Lichtenberg, Frank R. and Siegel, Donald, ‘The Effects of Leveraged Buyouts on Productivity and Related Aspects of Firm Behavior’, Journal of Financial Economics, 27 (1990), 165–94Google Scholar
Lim, Ernest, ‘Contracting out of Fiduciary Duties’, Common Law World Review, 44 (2015), 276–97 https://doi.org/10.1177/1473779515616035Google Scholar
Lim, Ernest, ‘Directors’ Fiduciary Duties: A New Analytical Framework’, Law Quarterly Review, 129 (2013), 242Google Scholar
Long, W. F. and Ravenscraft, D. J., ‘LBOs, Debt and R&D Intensity’, Strategic Management Journal, 14 (1993), 119–35Google Scholar
Lopez-de-Silanes, Florencio, Phalippou, Ludovic and Gottschalg, Oliver, ‘Giants at the Gate: Investment Returns and Diseconomies of Scale in Private Equity’, Journal of Financial and Quantitative Analysis, 50 (2015), 377411 https://doi.org/10.1017/S0022109015000113Google Scholar
Lorsch, Jay W., ‘Boardroom Challenges: Lessons from the Financial Crisis and Beyond’, in The Future of Boards, ed. by Lorsch, Jay W (Boston, MA: Harvard Business Review Press, 2012), pp. 736Google Scholar
Lowry, John, ‘Codifying the Corporate Opportunity Doctrine: The (UK) Companies Act 2006’, International Review of Law, 2012 (2012), 5 https://doi.org/10.5339/irl.2012.5Google Scholar
Lowry, John and Edmunds, Rod, ‘The Corporate Opportunity Doctrine: The Shifting Boundaries of the Duty and Its Remedies’, Modern Law Review, 61 (1998), 515–37 https://doi.org/10.1111/1468–2230.00160Google Scholar
Macneil, I. R., ‘Contracts: Adjustment of Long-Term Economic Relations under Classical and Neo- Classical, and Relational Contract Law’, Northwestern University Law Review, 72 (1978), 854905Google Scholar
De Maeseneire, Wouter and Brinkhuis, Samantha, ‘What Drives Leverage in Leveraged Buyouts? An Analysis of European Leveraged Buyouts’ Capital Structure’, Accounting & Finance, 52 (2012), 155–82 https://doi.org/10.1111/j.1467-629X.2011.00431.xGoogle Scholar
Malone, Stewart C., ‘Characteristics of Smaller Company Leveraged Buyouts’, Journal of Business Venturing, 4 (1989), 349–59Google Scholar
Margolis, Joshua D., Elfenbein, Hillary Anger and Walsh, James P, Does It Pay to Be Good? A Meta-Analysis and Redirection of Research on the Relationship between Corporate Social and Financial Performance (Harvard University, 2007)Google Scholar
Mayer, Colin, Firm Commitment (Oxford University Press, 2013)Google Scholar
McCahery, J. A. and Vermeulen, E. P. M., Corporate Governance of Non-Listed Companies (Oxford University Press, 2008)Google Scholar
McGaughey, Ewan, ‘Ideals of the Corporation and the Nexus of Contracts’, The Modern Law Review, 78 (2015), 1057–70 https://doi.org/10.1111/1468–2230.12161Google Scholar
McKinsey & Company, Private Markets Come of Age: McKinsey Global Private Markets Review, 2019Google Scholar
Meuleman, Miguel, Amess, Kevin, Wright, Mike and Scholes, Louise, ‘Agency, Strategic Entrepreneurship, and the Performance of Private Equity-Backed Buyouts’, Entrepreneurship Theory and Practice, 33 (2009), 213–39 https://doi.org/10.1111/J.1540–6520.2008.00287.XGoogle Scholar
Mire, Suzanne Le, ‘Independent Directors: Partnering Expertise with Independence’, Journal of Corporate Law Studies, 16 (2016), 137 https://doi.org/10.1080/14735970.2015.1090139Google Scholar
Moore, Imogen, ‘Revisiting the “Duty to Confess”: A Director’s Duty to Disclose His Own Misconduct’, Company Law Newsletter, (384), (2016), 13Google Scholar
Moore, M. T., ‘Private Ordering and Public Policy: The Paradoxical Foundations of Corporate Contractarianism’, Oxford Journal of Legal Studies, 34 (2014), 693728 https://doi.org/10.1093/ojls/gqu006Google Scholar
Moore, Marc T., Corporate Governance in the Shadow of the State (Hart Publishing, 2013)Google Scholar
Morris, Peter, Evaluating Private Equity’ s Performance: Approach the ‘Value Bridge’ with Caution, 2016Google Scholar
Morris, Peter, and Phalippou, Ludovic, Thirty Years after Jensen’s Prediction Is Private Equity A Superior Form of Ownership?, 2019Google Scholar
Muscarella, C. J and Vetsuypens, M. R, ‘Efficiency and Organizational Structure: A Study of Reverse LBOs’, Journal of Finance, 45 (1990), 1389–413Google Scholar
Nolan, R. C, ‘Controlling Fiduciary Power’, The Cambridge Law Journal, 68 (2009), 293323Google Scholar
Olsson, Martin and Tåg, Joacim, Private Equity, Layoffs, and Job Polarization (IFN Working Paper No. 1068, 2016)Google Scholar
Opler, Tim and Titman, Sheridan, ‘The Determinants of Leveraged Buyout Activity: Free Cash Flow vs. Financial Distress Costs’, The Journal of Finance, 48 (1993), 1985–99 https://doi.org/10.2307/2329077Google Scholar
Palepu, Krishna, ‘Focusing on Strategy to Govern Effectively’, in The Future of Boards, ed. by Lorsch, Jay W (Boston, MA: Harvard Business Review Press, 2012), pp. 3752Google Scholar
Parkinson, John E., Corporate Power and Responsibility: Issues in the Theory of Company Law (Clarendon Press, 1995)Google Scholar
Payne, Jennifer, ‘Private Equity and Its Regulation in Europe’, E.B.O.R., 12 (2011), 559–85Google Scholar
Pfeffer, Jeffrey and Salancik, Gerald R., The External Control of Organizations: A Resource Dependence Perspective (Harper & Row, 1978)Google Scholar
Phalippou, Ludovic, ‘Performance of Buyout Funds Revisited?’, Review of Finance, 18 (2014), 189218 https://doi.org/10.1093/rof/rft002Google Scholar
Phalippou, Ludovic, Private Equity Laid Bare, Version 1.4, (2018) ‘An Inconvenient Fact: Private Equity Returns & The Billionaire Factory’ (June 10, 2020), University of Oxford, Said Business School, Working Paper (available at http://dx.doi.org/10.2139/ssrn.3623820)Google Scholar
Phalippou, Ludovic and Gottschalg, Oliver, ‘The Performance of Private Equity Funds’, Review of Financial Studies, 22 (2009), 1747–76Google Scholar
Phalippou, Ludovic, Rauch, Christian and Umber, Marc P., Private Equity Portfolio Company Fees (April 5, 2016). Saïd Business School WP 2015-22. Available at SSRN: https://ssrn.com/abstract=2703354 or http://dx.doi.org/10.2139/ssrn.2703354 Phan, P. H. and Hill, C. W. L., ‘Organizational Restructuring and Economic Performance in Leveraged Buyouts: An Ex Post Study’, Academy of Management Journal, 38 (1995), 704–39 https://doi.org/10.2307/256743Google Scholar
Pindado, Julio, Requejo, Ignacio and Torre, Chabela, ‘Do Family Firms Use Dividend Policy as a Governance Mechanism? Evidence from the Euro Zone’, Corporate Governance: An International Review, 20 (2012), 413–31 https://doi.org/10.1111/j.1467–8683.2012.00921.xGoogle Scholar
La Porta, Rafael, Lopez-de-Silanes, Florencio, Shleifer, Andrei and Vishny, Robert, ‘Investor Protection and Corporate Governance’, Journal of Financial Economics, 58 (2000), 327CrossRefGoogle Scholar
Porter, Michael E. and Kramer, Mark R, ‘Creating Shared Value’, Harvard Business Review, 89 (2011), 6277Google Scholar
Prentice, D. and Payne, J, ‘The Corporate Opportunity Doctrine’, Law Quarterly Review, (2004), 198202Google Scholar
Preqin, Private Capital Fund Terms Advisor, 2018Google Scholar
Private Equity Reporting Group, Eleventh Annual Report, 2018Google Scholar
PwC, Are We Nearly There yet? Private Equity and the Responsible Investment Journey (London, 2016)Google Scholar
PwC, Older and Wiser: Is Responsible Investment Coming of Age?, 2019Google Scholar
Rajan, Raghuram G. and Zingales, Luigi, ‘Power in a Theory of the Firm’, Quarterly Journal of Economics, 113(2), (May 1998), 387432 https://doi.org/10.1162/003355398555630Google Scholar
Rappaport, A., ‘The Staying Power of the Public Corporation’, Harvard Business Review, 68 (1990), 96104Google Scholar
Rauterberg, Gabriel V. and Talley, Eric L., ‘Contracting Out of the Fiduciary Duty of Loyalty: An Empirical Analysis of Corporate Opportunity Waivers’, Columbia Law Review, 117 (2017), 1075–151Google Scholar
Renneboog, Luc, Simons, Tomas and Wright, Mike, ‘Why Do Public Firms Go Private in the UK? The Impact of Private Equity Investors, Incentive Realignment and Undervaluation’, Journal of Corporate Finance, 13 (2007), 591628 https://doi.org/10.1016/j.jcorpfin.2007.04.005Google Scholar
Ringe, Wolf-Georg, ‘Independent Directors: After the Crisis’, European Business Organization Law Review, 14 (2013), 401–24 https://doi.org/10.1017/S1566752912001206Google Scholar
Roberts, John, McNulty, Terry and Stiles, Philip, ‘Beyond Agency Conceptions of the Work of the Non-Executive Director: Creating Accountability in the Boardroom’, British Journal of Management, 16 (2005), S526 https://doi.org/10.1111/j.1467–8551.2005.00444.xGoogle Scholar
Robinson, David T. and Sensoy, Berk A., ‘Do Private Equity Fund Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance’, Review of Financial Studies, 26 (2013), 2760–97 https://doi.org/10.1093/rfs/hht055Google Scholar
Roe, Mark J., ‘Corporate Law’s Limits’, The Journal of Legal Studies, 31 (2002), 233–71 https://doi.org/10.1086/341989Google Scholar
Roe, Mark J., ‘Corporate Short-Termism – In the Boardroom and in the Courtroom’, Business Lawyer, 68 (2013), 9771006 https://doi.org/10.2139/ssrn.2239132Google Scholar
Roe, Mark J., ‘The Institutions of Corporate Governance’, in Handbook of New Institutional Economics, ed. by Menard, Claude and Shirley, Mary (Springer Berlin Heidelberg, 2008), pp. 371–99Google Scholar
Sahlman, William, ‘The Structure and Governance of Venture-Capital Organizations’, Journal of Financial Economics, 27 (1990), 473521Google Scholar
Sanger, Andrew, ‘Parent Company Duty of Care to Third Parties Harmed by Overseas Subsidiaries’, The Cambridge Law Journal, 78 (2019), 486–90 https://doi.org/10.1017/S0008197319000801Google Scholar
Sealy, Len, ‘Paycheck Services 3 Ltd: The Supreme Court Reviews the Concept of the de Facto Director’, Company Law Newsletter, 287 (2011), 14Google Scholar
Shleifer, Andrei and Summers, Lawrence H., ‘Breach of Trust in Hostile Takeovers’, in Corporate Takeovers: Causes and Consequences, ed. by Auerbach, Alan J. (Chicago: University of Chicago Press, 1988), pp. 3356Google Scholar
Singh, H, ‘Management Buyouts: Distinguishing Characteristics and Operating Changes Prior to Public Offering’, Strategic Management Journal, 11 (1990), 111–29Google Scholar
Smith, Abbie J., ‘Corporate Ownership Structure and Performance’, Journal of Financial Economics, 27 (1990), 143–64 https://doi.org/10.1016/0304-405X(90)90024-TGoogle Scholar
Smith, Adam, An Inquiry into the Wealth of Nations, Cannan (New York: Modern Library, 1776)Google Scholar
Stout, Lynn A., ‘New Thinking on “Shareholder Primacy”’, Accounting, Economics, and Law, 2(4), (2012), 121Google Scholar
Strömberg, Per, ‘The New Demography of Private Equity’, in The Global Impact of Private Equity Report, Globalization of Alternative Investments: The Global Economic Impact of Private Equity Report 2008, 2008, pp. 326Google Scholar
Tåg, Joacim, ‘The Real Effects of Private Equity Buyouts’, in The Oxford Handbook of Private Equity, ed. by Cumming, Douglas (Oxford: Oxford University Press, 2012), pp. 271–99Google Scholar
Talbot, Lorraine, ‘Trying to Save the World with Company Law? Some Problems’, Legal Studies, 36 (2016), 513–34 https://doi.org/10.1111/lest.12123Google Scholar
Talmor, Eli and Vasvari, Florin, International Private Equity (John Wiley & Sons, 2011)Google Scholar
Taylor, Henry Osborn, A Treatise on the Law of Private Corporations Having Capital Stock (Kay & brother, 1884)Google Scholar
Thompson, R. S., Wright, M and Robbie, K, ‘Management Equity Ownership, Debt and Performance: Some Evidence from UK Management Buyouts’, Scottish Journal of Political Economy, 39 (1992), 413–30 https://doi.org/10.1111/j.1467–9485.1992.tb00630.xGoogle Scholar
Thompson, R. Steve and Wright, Mike, ‘UK Management Buy-Outs: Debt, Equity and Agency Cost Implications’, Managerial and Decision Economics, 12 (1991), 1526 https://doi.org/10.1002/mde.4090120103Google Scholar
Thompson, Steve, Wright, Mike and Robbie, Ken, ‘Management Buy-Outs, Debt, and Efficiency: Some Evidence from the U.K.’, Journal of Applied Corporate Finance, 2 (1989), 7686 https://doi.org/10.1111/j.1745–6622.1989.tb00556.xGoogle Scholar
Thomsen, Steen and Pedersen, Torben, ‘Ownership Structure and Economic Performance in the Largest European Companies’, Strategic Management Journal, 21 (2000), 689705 https://doi.org/10.1002/(SICI)1097–0266(200006)21:6<689::AID-SMJ115>3.0.CO;2-YGoogle Scholar
Tilba, Anna and McNulty, Terry, ‘Engaged versus Disengaged Ownership: The Case of Pension Funds in the UK’, Corporate Governance: An International Review, 21 (2013), 165–82 https://doi.org/10.1111/j.1467–8683.2012.00933.xGoogle Scholar
UK Parliament House of Commons Treasury Committee, Private Equity (HC567-I, 2007)Google Scholar
United Nations Office of the High Commissioner, Guiding Principles on Business and Human Rights, 2011Google Scholar
Valkama, Petri, Maula, Markku, Nikoskelainen, Erkki and Wright, Mike, ‘Drivers of Holding Period Firm-Level Returns in Private Equity-Backed Buyouts’, Journal of Banking and Finance, 37 (2013), 2378–91 https://doi.org/10.1016/j.jbankfin.2013.01.042Google Scholar
Vicari, Andrea, ‘Conflicts of Interest of Target Company’s Directors and Shareholders in Leveraged Buy-Outs’, European Company and Financial Law Review, 4 (2007), 346–69 https://doi.org/10.1515/ECFR.2007.020Google Scholar
Watt, Andrew, ‘The Impact of Private Equity on European Companies and Workers: Key Issues and a Review of the Evidence’, Industrial Relations Journal, 39 (2008), 548–68 https://doi.org/10.1111/j.1468–2338.2008.00505.xGoogle Scholar
Weir, Charlie, Laing, David and Wright, Mike, ‘Incentive Effects, Monitoring Mechanisms and the Market for Corporate Control: An Analysis of the Factors Affecting Public to Private Transactions in the UK’, Journal of Business Finance, 32 (2005), 909–43 https://doi.org/10.1111/j.0306-686X.2005.00617.xGoogle Scholar
Weir, Charlie, Jones, Peter and Wright, Mike, ‘Public to Private Transactions, Private Equity and Financial Health in the UK: An Empirical Analysis of the Impact of Going Private’, Journal of Management & Governance, 19 (2015), 91112 https://doi.org/10.1007/s10997-013–9270-9Google Scholar
Westphal, James D, ‘Collaboration in the Boardroom : Behavioral and Performance Consequences of Ceo- Board Social Ties’, Academy of Management Journal, 42 (1999), 724 https://doi.org/10.2307/256871Google Scholar
Whelan, Tensie, and Fink, Carly, ‘The Comprehensive Business Case for Sustainability’, Harvard Business Review, 2016. https://hbr.org/2016/10/the-comprehensive-business-case-for-sustainabilityGoogle Scholar
Wilson, Nick and Wright, Mike, A Convenient Truth: Private Equity and Portfolio Company Growth (British Private Equity and Venture Capital Association, 2013)Google Scholar
Wilson, Nick, Wright, Mike, Siegel, Donald S. and Scholes, Louise, ‘Private Equity Portfolio Company Performance during the Global Recession’, Journal of Corporate Finance, 18 (2012), 193205 https://doi.org/10.1016/j.jcorpfin.2011.11.008Google Scholar
Witney, Simon, ‘Corporate Opportunities Law and the Non-Executive Director’, Journal of Corporate Law Studies, 16 (2016), 145–86 https://doi.org/10.1080/14735970.2015.1117349Google Scholar
Witney, Simon, ‘Duties Owed by Shadow Directors: Closing in on the Puppet Masters?’, Journal of Business Law, (4 ), (2016), 311–24Google Scholar
Witney, Simon, ‘Private Equity Finance and Buyouts’, in Company Acquisitions Handbook, ed. by Dunne, Patrick, 8th edn (Tottel Publishing Ltd, 2007), p. 651Google Scholar
Woolf, Terence, ‘The Venture Capitalist’s Corporate Opportunity Problem’, Columbia Business Law Review, 2001, 473508Google Scholar
Worthington, Sarah, ‘Fiduciary Duties and Proprietary Remedies: Addressing the Failure of Equitable Formulae’, Cambridge Law Journal, 72 (2013), 720–52Google Scholar
Wright, Mike, Amess, Kevin, Weir, Charlie and Girma, Sourafel, ‘Private Equity and Corporate Governance: Retrospect and Prospect’, Corporate Governance: An International Review, 17 (2009), 353–75 https://doi.org/10.1111/j.1467–8683.2009.00744.xGoogle Scholar
Wright, Mike, Hoskisson, Robert E and Busenitz, Lowell W, ‘Firm Rebirth: Buyouts as Facilitators of Strategic Growth and Entrepreneurship’, The Academy of Management Executive (1993–2005), 15 (2001), 111–25Google Scholar
Wright, Mike and Nikoskelainen, Erkki V, ‘The Impact of Corporate Governance Mechanisms on Value Increase in Leveraged Buyouts’, Journal of Corporate Finance, 13 (2007), 511–37 https://doi.org/10.2139/ssrn.877233Google Scholar
Wright, Mike, Robbie, Ken, Thompson, Steve and Starkey, Ken, ‘Longevity and the Life-Cycle of Management Buy-Outs’, Strategic Management Journal, 15 (1994), 215–27 https://doi.org/10.1002/smj.4250150303Google Scholar
Wright, Mike, Wilson, Nick and Robbie, Ken, ‘The Longer-Term Effects of Management-Led Buy-Outs’, The Journal of Entrepreneurial and Small Business Finance, 5 (1996), 213–34Google Scholar
Wright, Mike, Thompson, Steve and Robbie, Ken, ‘Venture Capital and Management-Led, Leveraged Buy-Outs: A European Perspective’, Journal of Business Venturing, 7 (1992), 4771 https://doi.org/10.1016/0883–9026(92)90034-OGoogle Scholar
Wright, Mike, Thompson, Steve, Robbie, Ken and Wong, Pauline, ‘Management Buy-Outs in the Short and Long Term’, Journal of Business Finance & Accounting, 22 (1995), 461–82 https://doi.org/10.1111/j.1468–5957.1995.tb00372.xGoogle Scholar
Yates, Geoff and Hinchliffe, Mike, A Practical Guide to Private Equity Transactions (Cambridge University Press, 2010)Google Scholar
Zahra, S. and Pearce, J, ‘Boards of Directors and Corporate Financial Performance: A Review and Integrative Model’, Journal of Management, 15 (1989), 291334 https://doi.org/10.1177/014920638901500208Google Scholar
Zhou, D., Jelic, R and Wright, M, ‘SMBOs: Buying Time or Improving Performance?’, Managerial and Decision Economics, 35 (2014), 88102Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • Bibliography
  • Simon Witney, London School of Economics and Political Science
  • Book: Corporate Governance and Responsible Investment in Private Equity
  • Online publication: 16 November 2020
  • Chapter DOI: https://doi.org/10.1017/9781108641838.013
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Bibliography
  • Simon Witney, London School of Economics and Political Science
  • Book: Corporate Governance and Responsible Investment in Private Equity
  • Online publication: 16 November 2020
  • Chapter DOI: https://doi.org/10.1017/9781108641838.013
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Bibliography
  • Simon Witney, London School of Economics and Political Science
  • Book: Corporate Governance and Responsible Investment in Private Equity
  • Online publication: 16 November 2020
  • Chapter DOI: https://doi.org/10.1017/9781108641838.013
Available formats
×