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THE EVOLUTION OF BUYOUT PRICING AND FINANCIAL STRUCTURE (OR, WHAT WENT WRONG) IN THE 1980s

Authors

  • Steven N. Kaplan,

    1. STEVEN KAPLAN is Associate Professor, Graduate School of Business, University of Chicago, and a Research Fellow at the NBER.
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  • Jeremy C. Stein

    1. JEREMY STEIN is Associate Professor of Finance at the Sloan School of Management, Massachusetts Institute of Technology, and an Associate at the NBER.
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      This is a shorter, less technical version of an article originally published in Quarterly Journal of Economics (May, 1993).


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