The Legacy of the Dean of Management Buy-out and Entrepreneurial Finance Research

60 Pages Posted: 23 Mar 2021 Last revised: 2 May 2021

Date Written: May 1, 2021

Abstract

This paper reviews 133 of Mike Wright’s contributions to the management buy-out and entrepreneurial finance literature. The outline is chronological and subject-related, revealing the development of Professor Wright’s scholarly work over time and its variety. We begin with the emergence of buy-outs, a discussion of agency costs and corporate governance issues. We then move to internationalisation, boom and bust, Mike’s acknowledgement of the arrival of active investors, emerging markets, deal structuring, syndication, new venture finance, financial and economic performance, and recent developments. We document the legacy of an abundant scholar and provide, thanks to his outstanding academic impact, guidance on the evolution of management buy-out and entrepreneurial finance research since its inception.

Keywords: Management Buy-out, Management Buy-in, Entrepreneurial Finance, Venture Capital, Private Equity

JEL Classification: G23, G24, L26

Suggested Citation

Sannajust, Aurelie and Groh, Alexander Peter, The Legacy of the Dean of Management Buy-out and Entrepreneurial Finance Research (May 1, 2021). Available at SSRN: https://ssrn.com/abstract=3809698 or http://dx.doi.org/10.2139/ssrn.3809698

Aurelie Sannajust

KEDGE Business School ( email )

Domaine de Luminy - BP 921
BP 921
Marseille, PACA 13288
France

Alexander Peter Groh (Contact Author)

EMLYON Business School ( email )

23 Avenue Guy de Collongue
Ecully, 69132
France

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