The Potential Contributions of Leveraged Buyout (LBO) to the Development and Integration of African Countries

Q3 Economics, Econometrics and Finance
Assoumou Menye Oscar, Djefedie Stéphane Contard
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引用次数: 1

Abstract

: Leveraged buyouts (LBOs) are a financial arrangement that allows the acquisition of a company by taking on debt. To implement the LBO, a passive holding company must first be created whose sole corporate purpose is to hold equity stakes in operational SMEs. An active holding company, on the other hand, manages a portfolio of equity stakes
杠杆收购对非洲国家发展与一体化的潜在贡献
当前位置杠杆收购(LBOs)是一种允许通过负债收购公司的财务安排。要实施杠杆收购,首先必须创建一个被动控股公司,其唯一的企业目的是持有运营中小企业的股权。另一方面,活跃的控股公司管理股权投资组合
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来源期刊
Afro-Asian Journal of Finance and Accounting
Afro-Asian Journal of Finance and Accounting Economics, Econometrics and Finance-Finance
CiteScore
0.70
自引率
0.00%
发文量
34
期刊介绍: Finance and accounting are seen as essential components for the successful implementation of market-based development policies supporting economic liberalisation in the rapidly emerging economies in Africa, the Middle-East and Asia. AAJFA aims to foster greater discussion and research of the development of the finance and accounting disciplines in these regions. A major feature of the journal will be to emphasise the implications of this development and the effects on businesses, academics and professionals. Topics covered include: -Asset pricing, corporate finance, banking; market microstructure -Behavioural and experimental finance; law and finance -Emerging economies: finance, audit committees, corporate governance -Islamic finance, accounting and auditing -Equity analysis and valuation, venture capital and IPOs -National GAAP and IASs compliance, harmonisation and strategies -Financial measurement/disclosure, and the quality of information reported -Accountability and social/ethical/environmental measurement/reporting -Cultural, political, institutional impact on financial measurement/disclosure -Accounting practices for intellectual capital and other intangible assets -Provision of non-audit services and impairment to auditor independence -Audit quality and auditor skills; internal control/auditing -Management accounting, control and /use of key performance indicators -Accounting education and professional development, accounting history -Public sector and not-for-profit accounting
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