What motivates going private?: An analysis of Australian firms

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dc.contributor.author Eddey, P
dc.contributor.author Lee, K
dc.contributor.author Taylor, SL
dc.date.accessioned 2010-05-28T09:53:52Z
dc.date.issued 1996-01
dc.identifier.citation Accounting and Finance, 1996, 36 (1), pp. 31 - 50
dc.identifier.issn 0810-5391
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.
dc.format No Code
dc.publisher Blackwell Publishing
dc.title What motivates going private?: An analysis of Australian firms
dc.type Journal Article
dc.parent Accounting and Finance
dc.journal.volume 1
dc.journal.volume 36
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 150303 Corporate Governance and Stakeholder Engagement
dc.for 150103 Financial Accounting
dc.for 1501 Accounting, Auditing and Accountability
dc.personcode 104690
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
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Strength - Corporate Governance
utslib.copyright.status Closed Access
utslib.copyright.date 2015-04-15 12:17:09.805752+10
utslib.collection.history Closed (ID: 3)

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