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Does Private Equity Create Wealth? The Effects of Private Equity and Derivatives on Corporate Governance

dc.contributor.authorThomas, Randall S., 1955-
dc.contributor.authorMasulis, Ronald W.
dc.date.accessioned2014-07-31T19:45:48Z
dc.date.available2014-07-31T19:45:48Z
dc.date.issued2009
dc.identifier.citation76 U. Chi. L. Rev. 219 (2009)en_US
dc.identifier.urihttp://hdl.handle.net/1803/6626
dc.description.abstractPrivate equity has reaped large rewards in recent years. We claim that one major reason for this success is due to the corporate governance advantages of private equity over the public corporation. We argue that the development of substantial derivative contracts and trading has significantly weakened the governance of public corporations and has created a need for financially sophisticated directors and much closer supervision of management. The private equity model delivers these benefits and allows corporations to be better governed, creating wealth gains for investors.en_US
dc.format.extent1 PDF (43 pages)en_US
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen_US
dc.publisherUniversity of Chicago Law Reviewen_US
dc.subject.lcshPrivate equity -- United Statesen_US
dc.subject.lcshCorporate governance -- United Statesen_US
dc.titleDoes Private Equity Create Wealth? The Effects of Private Equity and Derivatives on Corporate Governanceen_US
dc.typeArticleen_US
dc.identifier.ssrn-urihttp://ssrn.com/abstract=1207858


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