Axelson is with the London School of Economics and SIFR; Jenkinson is with the Said Business School, Oxford University and CEPR; Strömberg is with SIFR, Stockholm School of Economics, CEPR, and NBER; and Weisbach is with Ohio State University, NBER, and SIFR. We are extremely grateful to Steve Kaplan for sharing his data on 1980s LBOs, and to Joakim Bång, Ji-Woong Chung, and Reimo Juks for excellent research assistance. We would also like to thank Viral Acharya, Malcolm Baker, Laura Bottazzi, Phil Canfield, Chris Collins, Marco DaRin, Francois Derrien, Chris James, Steve Kaplan, Steven Ongena, Morten Sorensen, David Sraer, Ayako Yasuda, as well as the Editor (Cam Harvey), the referees, and participants in numerous seminar presentations for valuable comments.
Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts
Article first published online: 12 NOV 2013
© 2013 the American Finance Association
The Journal of Finance
Volume 68, Issue 6, pages 2223–2267, December 2013
How to Cite
AXELSON, U., JENKINSON, T., STRÖMBERG, P. and WEISBACH, M. S. (2013), Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts. The Journal of Finance, 68: 2223–2267. doi: 10.1111/jofi.12082
- Issue published online: 12 NOV 2013
- Article first published online: 12 NOV 2013
- Accepted manuscript online: 26 JUL 2013 10:16AM EST
- Manuscript Accepted: 17 MAY 2013
- Manuscript Received: 13 SEP 2010
Disclaimer: Supplementary materials have been peer-reviewed but not copyedited.
|jofi12082-sup-0001-AppendixS1.pdf||511K||Appendix S1: Internet Appendix|
Please note: Wiley Blackwell is not responsible for the content or functionality of any supporting information supplied by the authors. Any queries (other than missing content) should be directed to the corresponding author for the article.