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Nick Bacon and Kim Hoque
Introduction
Although management buyouts (MBOs) are often studied from a purely financial perspective, their impact on employees has attracted significant levels of interest among academics, policy makers, and the public in recent years. Indeed, debates around the implications of buyouts and private equity (PE) for employees have begun to appear relatively frequently in the mainstream and financial press, and there is now perhaps as much public interest in the impact of buyouts on employees as in the impact of other forms of corporate restructuring such as privatization, mergers, and acquisitions. This is also reflective of the fact that MBOs have become a global phenomenon, having risen to prominence ...
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