This book, originally published in 1985, examines the practical effects of management buy-outs in terms of improvements in financial and managerial performance and sets them in their general theoretical context. It opens by considering buy-outs from the standpoint of economic analysis, entrepreneurship and the wider economic implications for industrial restructuring. It goes on to look at the effects of buy-outs in practice in a range of case studies developed by the authors. These consider the financial, economic and managerial impacts. Finally, it discusses the implications of management buy-outs for government policy and presents some general conclusions. This title will be of interest to students of business studies and management.
Preface/Acknowledgements; List of Tables; List of Figures; 1. The Buy-Out Phenomenon 2. Practical Aspects of Management Buy-Outs 3. Economic Aspects of Management Buy-Outs 4. General Characteristics of Management Buy-Outs 5. Managerial Aspects of Management Buy-Outs 6. Industrial Relations and the Buy-Out 7. Performance in Management Buy-Outs 8. Case Studies 9. Concluding Remarks; Index