What motivates going private?: An analysis of Australian firms

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dc.contributor.author Eddey, Peter en_US
dc.contributor.author Lee, Kin Wai en_US
dc.contributor.author Taylor, Stephen en_US
dc.contributor.editor en_US
dc.date.accessioned 2010-05-28T09:53:52Z
dc.date.available 2010-05-28T09:53:52Z
dc.date.issued 1996 en_US
dc.identifier 2007003447 en_US
dc.identifier.citation Eddey Peter, Lee Kin Wai, and Taylor Stephen 1996, 'What motivates going private?: An analysis of Australian firms', Blackwell Publishing, vol. 36, no. 1, pp. 31-50. en_US
dc.identifier.issn 0810-5391 en_US
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/10064
dc.description.abstract We investigate going private transactions in Australia between 1988 and 1991. Approximately ten percent of all takeovers during this period are instances of going private. In contrast to studies of similar transactions in the United States, we find no direct evidence to support a free cash flow explanation for going private, although going private is frequently preceded by the threat of a takeover offer. However, the free cash flow explanation for going private may not be applicable in Pacific Basin countries where exchange-traded investment activity is in relatively high growth sectors and foreign ownership accounts for a large part of those investment sectors where managerial abuse of free cash flow has been alleged. en_US
dc.language en_US
dc.publisher Blackwell Publishing en_US
dc.title What motivates going private?: An analysis of Australian firms en_US
dc.parent Accounting and Finance en_US
dc.journal.volume 36 en_US
dc.journal.number 1 en_US
dc.publocation Oxford, UK en_US
dc.identifier.startpage 31 en_US
dc.identifier.endpage 50 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 150103 en_US
dc.personcode 0000045618 en_US
dc.personcode 0000049315 en_US
dc.personcode 104690 en_US
dc.percentage 50 en_US
dc.classification.name Financial Accounting en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords NA en_US
dc.staffid 104690 en_US


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