Private Equity and Management Buy-outs provides a balanced view of the often polarized private equity debate. This careful and objective analysis of the presence of private equity in buy-out firms reviews the effects of this ownership transfer in terms of firm performance and survival, thus placing private equity in a broader context of implications for value creation. The analysis provides an overview of international trends in private equity and develops a conceptual framework for understanding the heterogeneity of private equity deals. Systematic evidence from large-scale studies of private equity and buy-outs are used to shed light on short- and longer-term economic and social effects. For the first time the broader scope of the key issues now facing private equity and buy-outs are brought together in the contributions herein. The book includes highlights such as: * empirical evidence on a special organizational form of private equity; * examination of backed buy-outs (perspectives from strategy, finance, HRM and management accounting); * discussion on the level of PE involvement; * challenging further debate on economic and social key issues regarding policy implications and a future research agenda. Academics and researchers - postgraduate and above - in business schools and schools of economics will find this book enlightening. It will also hold great interest for practitioners in the fields of mergers and acquisitions, general, strategic and financial management, and corporate entrepreneurship and corporate governance.

- Explains exergy return on exergy invested (ERoEI) so that the reader can make his own judgements as to the costs of recovering energy from conventional and non-conventional resources - Deals with single phase flow aspects (inertia, anisotropy, slip), which admittedly are covered in other textbooks, but out of the contexts of petroleum and environmental engineering. - Gives readers the tools to generate heterogeneous permeability fields (stochastic random fields, marked point processes, Markov chains, which makes it possible to evaluate the effects of heterogeneity on flow - Includes an elaborate section on surface chemistry to understand wetting behaviour and its influence on the relative permeability and capillary pressure behaviour - Derives effective permeabilities and relative permeabilities in upscaled models and illustrates this with examples in EXCEL