Publicação
How buyout leverage affects post-deal operating performance - a quantitative analysis of first-time private equity deals
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Wilke, Felix | |
| dc.contributor.author | Graf, Georg Julian | |
| dc.date.accessioned | 2025-08-06T09:11:07Z | |
| dc.date.available | 2025-08-06T09:11:07Z | |
| dc.date.issued | 2025-01-24 | |
| dc.date.submitted | 2024-12-16 | |
| dc.description.abstract | This study examines how leverage in private equity buyouts affects post-deal performance. Using data on 295 first-time buyouts in Italy from 2000-2019, I track performance changes for five years post-deal across profitability, revenue, and productivity. My findings reveal nuanced effects across leverage metrics: the D/A ratio is linked negatively to EBITDA margin and revenue, yet positively to ROA, where long-term debt relates more to profitability and short-term debt more to revenue growth. D/EBITDA shows a positive influence on productivity. This research advances the understanding of leverage in PE and offers insights on capital structure decisions for both practitioners and academia. | pt_PT |
| dc.identifier.tid | 203961943 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/186107 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | UID/ECO/00124/2013 | pt_PT |
| dc.subject | Agency theory | pt_PT |
| dc.subject | Capital structure | pt_PT |
| dc.subject | Corporate finance | pt_PT |
| dc.subject | Debt | pt_PT |
| dc.subject | Leverage | pt_PT |
| dc.subject | Leveraged buyout | pt_PT |
| dc.subject | Operating performance, | pt_PT |
| dc.subject | Post-deal performance | pt_PT |
| dc.subject | Private equity | pt_PT |
| dc.title | How buyout leverage affects post-deal operating performance - a quantitative analysis of first-time private equity deals | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in International Finance from the Nova School of Business and Economics | pt_PT |