What is a private equity firm

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Course Topic: Agency Issues (Alternative Assignment) - Agency Problems in Public Firms: Evidence from Corporate Jets in Leveraged Buyouts

Title of the article that you are to read: "Agency Problems in Public Firms: Evidence from Corporate Jets in Leveraged Buyouts" by Jesse Edgerton. Published in the Journal of Finance, December 2012.

Assignment: Respond to the following issues (total write-up not to exceed 3 pages, double-space, 12 point font).

What is a private equity firm?

What is an LBO?

In general (i.e. not specific to the Journal of Finance article), what is the agency problem between stockholders and managers?

Describe the data used by the researcher in the analysis.

Summarize the main findings of the paper (you do not need to read the theoretical model section of the paper. In addition, you do not need to read the material contained in the paper's appendix.).

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Reference no: EM13882455

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