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by missedthecue
2153 days ago
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This is popular to say, but doesn't hold up to reality. An analysis of "17,171 worldwide leveraged buyout transactions that include every transaction with a financial sponsor in the CapitalIQ database announced between 1/1/1970 and 6/30/2007" found bankruptcy rates around 6% [1]. This isn't exceptionally high. [1] https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.23.1.121 Table 2 |
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