Management Buy‐Outs from the Public Sector: Ownership Form and Incentive Issues

Abstract

Fiscal StudiesVolume 11, Issue 3 p. 71-88 Management Buy-Outs from the Public Sector: Ownership Form and Incentive Issues STEVE THOMPSON, STEVE THOMPSON Steve Thompson is Senior Lecturer in Business Economics at UMIST; Mike Wright is Professor of Financial Studies and Director of the Centre for Management Buy-Out Research (CMBOR) at the University of Nottingham; Ken Robbie is a Research Fellow at CMBOR at the University of Nottingham. The authors gratefully acknowledge financial support from Barclays Development Capital Ltd and Spicer and Oppenheim Chartered Accountants. They would also like to acknowledge a number of helpful comments and suggestions from an anonymous referee and the editor of Fiscal Studies, and detailed assistance from Angela Beaumont.Search for more papers by this authorMIKE WRIGHT, MIKE WRIGHT Steve Thompson is Senior Lecturer in Business Economics at UMIST; Mike Wright is Professor of Financial Studies and Director of the Centre for Management Buy-Out Research (CMBOR) at the University of Nottingham; Ken Robbie is a Research Fellow at CMBOR at the University of Nottingham. The authors gratefully acknowledge financial support from Barclays Development Capital Ltd and Spicer and Oppenheim Chartered Accountants. They would also like to acknowledge a number of helpful comments and suggestions from an anonymous referee and the editor of Fiscal Studies, and detailed assistance from Angela Beaumont.Search for more papers by this authorKEN ROBBIE, KEN ROBBIE Steve Thompson is Senior Lecturer in Business Economics at UMIST; Mike Wright is Professor of Financial Studies and Director of the Centre for Management Buy-Out Research (CMBOR) at the University of Nottingham; Ken Robbie is a Research Fellow at CMBOR at the University of Nottingham. The authors gratefully acknowledge financial support from Barclays Development Capital Ltd and Spicer and Oppenheim Chartered Accountants. They would also like to acknowledge a number of helpful comments and suggestions from an anonymous referee and the editor of Fiscal Studies, and detailed assistance from Angela Beaumont.Search for more papers by this author STEVE THOMPSON, STEVE THOMPSON Steve Thompson is Senior Lecturer in Business Economics at UMIST; Mike Wright is Professor of Financial Studies and Director of the Centre for Management Buy-Out Research (CMBOR) at the University of Nottingham; Ken Robbie is a Research Fellow at CMBOR at the University of Nottingham. The authors gratefully acknowledge financial support from Barclays Development Capital Ltd and Spicer and Oppenheim Chartered Accountants. They would also like to acknowledge a number of helpful comments and suggestions from an anonymous referee and the editor of Fiscal Studies, and detailed assistance from Angela Beaumont.Search for more papers by this authorMIKE WRIGHT, MIKE WRIGHT Steve Thompson is Senior Lecturer in Business Economics at UMIST; Mike Wright is Professor of Financial Studies and Director of the Centre for Management Buy-Out Research (CMBOR) at the University of Nottingham; Ken Robbie is a Research Fellow at CMBOR at the University of Nottingham. The authors gratefully acknowledge financial support from Barclays Development Capital Ltd and Spicer and Oppenheim Chartered Accountants. They would also like to acknowledge a number of helpful comments and suggestions from an anonymous referee and the editor of Fiscal Studies, and detailed assistance from Angela Beaumont.Search for more papers by this authorKEN ROBBIE, KEN ROBBIE Steve Thompson is Senior Lecturer in Business Economics at UMIST; Mike Wright is Professor of Financial Studies and Director of the Centre for Management Buy-Out Research (CMBOR) at the University of Nottingham; Ken Robbie is a Research Fellow at CMBOR at the University of Nottingham. The authors gratefully acknowledge financial support from Barclays Development Capital Ltd and Spicer and Oppenheim Chartered Accountants. They would also like to acknowledge a number of helpful comments and suggestions from an anonymous referee and the editor of Fiscal Studies, and detailed assistance from Angela Beaumont.Search for more papers by this author First published: August 1990 https://doi.org/10.1111/j.1475-5890.1990.tb00141.xCitations: 20AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume11, Issue3August 1990Pages 71-88 RelatedInformation