Leveraged Buyouts - En studie på dess effekt på den operativa verksamheten

Abstract Title Leveraged Buyouts – A study on the effects on the operating performance Seminar date 5th of June 2013 Course FEKH89, Degree Project in Finance, 15 ECTS Authors Matilda Björnek Lina Khaled Malin Nilstoft Advisor Maria Gårdängen Key Words LBO, operating performance, operating income, cash flow, employees Purpose The purpose of this study is to explore how the operating performance change for Swedish companies after an LBO has been made during the time period between 2001 and 2009. Methodology Deductive and quantitative methods Theoretical perspectives Free cashflow hypothesis, Agency-cost theory, Value transfer theory Conclusions The study shows no statistically significant change in the operating performance except from the number of employees and wages