Kohlberg Kravis Roberts and the creation of corporate value /
First Statement of Responsibility
George P. Baker, George David Smith
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New York :
Name of Publisher, Distributor, etc.
Cambridge University Press,
Date of Publication, Distribution, etc.
1998
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
xiv, 257 p. :
Other Physical Details
ill. ;
Dimensions
24 cm
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (p. 211-242) and index
SUMMARY OR ABSTRACT
Text of Note
Bringing deep historical perspective and sharp economic analysis to bear on the LBO phenomenon, George P. Baker and George David Smith shed new light on this important chapter in modern economic history. In their focus on KKR as both financial innovator and as a creator of a new form of enterprise, they bridge what has been a wide gap between public perception and academic knowledge of how financial engineering has helped to restore the nation's economic vitality
Text of Note
KKR's founders had little inkling of what they would accomplish when they set up shop in 1976 to practice their unusual method of acquiring small companies. Throughout the 1980s, KKR drove the scale and scope of the leveraged buyout (LBO) to unprecedented heights by acquiring companies largely with debt, making managers owners, and monitoring performance closely. Their goal was to improve the long-term value of the assets in order to earn extraordinary returns
CORPORATE BODY NAME USED AS SUBJECT
Kohlberg Kravis Roberts & Co
TOPICAL NAME USED AS SUBJECT
Consolidation and merger of corporations-- United States-- Finance