Switch to: References

Citations of:

The ethics of leveraged management buyouts revisited

Thomas M. Jones & I. I. I. Reed O. Hunt

Journal of Business Ethics 10 (11):833-840 (1991)

Add citations

You must login to add citations.

Shareholder wealth maximization, business ethics and social responsibility.Geoffrey Poitras - 1994 - Journal of Business Ethics 13 (2):125 - 134.details The primary objective of this article is to develop a framework for analyzing the ethical foundations and implications of shareholder wealth maximization (SWM). Distinctions between SWM and the more widely examined construct of profit maximization are identified, the most significant being the central role played in SWM by the market mechanism for pricing the corporation''s securities. It is argued that empirical tests concerned with evaluating the ethical implications of SWM will almost surely involve a joint hypothesis. A number of recent (...) Download Export citation Bookmark 17 citations
Chinese Management Buyouts and Board Transformation.Yao Li, Mike Wright & Louise Scholes - 2010 - Journal of Business Ethics 95 (S2):361 - 380.details We assess the extent to which Chinese MBOs of listed corporations enable a balance to be achieved between facilitating growth and supporting the interests of minority shareholders other than the buyout organization. Using novel, hand-collected data from 19 MBOs of listed corporations in China, a matched sample of 19 non-MBOs and the population of listed corporations, we examine the extent to which boards of directors are changed to bring in executive and outside directors with the skills to grow as well (...) Download Export citation Bookmark 2 citations
Legal Protection, Corruption and Private Equity Returns in Asia.Douglas Cumming, Grant Fleming, Sofia Johan & Mai Takeuchi - 2010 - Journal of Business Ethics 95 (S2):173 - 193.details This article examines how private equity returns in Asia are related to levels of legal protection and corruption. We utilize a unique data set comprising over 750 returns to private equity transactions across 20 developing and developed countries in Asia. The data indicate that legal protections are an important determinant of private equity returns in Asia, but also that private equity managers are able to mitigate the potential for corruption. The quality of legal system (including legal protections) is positively related (...) Download Export citation Bookmark 5 citations
The ethical challenge of management buy-outs as a form of privatisation in central and eastern europe.Igor Filatotchev, Ken Starkey & Mike Wright - 1994 - Journal of Business Ethics 13 (7):523 - 532.details There has been a growing debate about the ethics of management buy-outs (MBOs). One possible criticism of the MBO is that it serves the interests of incumbent management at the expense of shareholders. In this paper we develop the general arguments concerning the ethical aspects of the MBO to include other forms of buy-out beyond going privates and apply the analysis to MBOs as a mode of privatisation in Central and Eastern Europe (CEE). MBOs are justified in this context postperestroika (...) Download Export citation Bookmark 6 citations

1