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.

Through key research papers from Palgrave's Journal of Operational Research, this book showcases how Operational Research can be applied to sports in a variety of ways, including: timetabling fixtures; scheduling officials; forecasting outcomes; optimizing tactics and strategy; analyzing the effects of rules and laws; planning issues, and performance measurement. The introductory chapter provides a broad overview with an examination of how this area has developed over time, and a look at its wide ranging applications to sports including football, tennis and cricket etc.

Entrepreneurship is a hot topic, yet there is no agreed definition of entrepreneurship. There is even debate about whether entrepreneurship can be taught! This text and case study collection is designed to stimulate critical thinking and reflective learning relating to entrepreneurship. This book enables you to focus on the key issues that need to be considered with regard to new ventures and/or a business plan module, as well as courses on theory and policy relating to entrepreneurship and small businesses.

Competition to publish in the top journals is fierce. This book provides entrepreneurship researchers with relevant material and insights to support them in their efforts to publish their research in the most prestigious entrepreneurship outlets.This essential guide to publishing in entrepreneurship brings together a wealth of contributors, all of whom have published in the leading entrepreneurship journals. Based on their experiences as researchers and editors, they bring useful hands-on advice and insight into the research publication process.Both fledgling and experienced entrepreneurship faculty members will find this an essential resource as they strive towards publication in A-ranked entrepreneurship or management journals.

This book advances our understanding of university spin-off creation and development in environments outside the high-tech clusters of the US. While there has been substantial university spin-off activity internationally in recent years, a number of major aspects are little understood. The authors argue that the nature of universities is changing as reduced public funding reflects a public debate on their role in society. An important aspect of this international phenomenon is an increased emphasis on the commercialization of university research and on academic entrepreneurship. These new ventures therefore involve the spinning-off of technology and knowledge generated by universities. The authors adopt a multi-level approach in their examination of university spin-offs. European case studies are specifically selected to reflect the diversity of the institutional environment. In particular, units of analysis involving universities, technology transfer offices, spin-off firms, finance providers and individual entrepreneurs and teams are extensively analysed in quantitative and qualitative studies. To conclude, policy implications for the future successful development of spin-offs are identified. This fascinating book will appeal to a wide-ranging audience including academics, policy makers, researchers and practitioners with an interest in academic entrepreneurship and university spin-offs, and, more generally, in business and management and entrepreneurship.

Competition to publish in the top journals is fierce. This book provides entrepreneurship researchers with relevant material and insights to support them in their efforts to publish their research in the most prestigious entrepreneurship outlets.This essential guide to publishing in entrepreneurship brings together a wealth of contributors, all of whom have published in the leading entrepreneurship journals. Based on their experiences as researchers and editors, they bring useful hands-on advice and insight into the research publication process.Both fledgling and experienced entrepreneurship faculty members will find this an essential resource as they strive towards publication in A-ranked entrepreneurship or management journals.

This book is the first collection of scholarly writings on science and technology parks (STPs) that has an international perspective. It explores concrete ways to systematically collect information on public and private organizations related to their support of and activities in STPs, including incubation to start-up and scale-up, and collaborations with centers of knowledge creation. Rather than perpetuate the qualitative assessment of successful practices, the focus of this book is to present quantitative and qualitative evidence of the impact of STPs on regional development and to raise awareness on the importance of systematic data collection and analysis. Only through a systematic collection of data on fiscal identification numbers of companies, universities, and university spin-offs will it be possible to conduct current and especially future analyses on the impact of STPs on entrepreneurship, effectiveness of technology transfer, and regional economic development. To this extent, the synergistic views of academics, representatives from STPs, and policy experts are crucial.

Management Buyouts (MBOs) first came to prominence in the US during the early 1980s, and have subsequently become a global phenomenon and a highly significant transaction within the corporate restructuring landscape Although much recent attention has focused on private equity (PE) backed buyouts, these are only a subset of the total MBO market. The Routledge Companion to Management Buyouts takes a much broader definition, reviewing the current state of research and theory and where further developments are likely to occur and incorporating PE and non-PE backed buyouts, as well as variations such as management buy-ins and management-employee buyouts. It goes beyond the purely financial perspective, exploring the many different aspects of management buyouts and incorporating related disciplines including strategy, organizational change, and HRM providing the first truly comprehensive authoritative resource on the topic. Expertly edited, and drawing on international scholarship, this unique volume will be an invaluable sourcebook on MBOs for researchers and advanced students as well as those interested in the broader areas of corporate restructuring and ownership change.

Recent years have witnessed massive development in both the venture capital market and in academic research relating to this market. The aims of this timely collection are to identify leading contributions to this developing area from the past two decades; to reflect the growing multi-disciplinarity of research on venture capital; and to highlight the need to recognize international differences in venture capital markets. The editors have written an authoritative overview, signaling where venture capital research has come and where it is going. This is a vital collection of writings for those wanting to become familiar with venture capital research.

This expanded second edition of a classic career guide offers fascinating insight into the publishing environment for the management discipline, drawing on a wealth of knowledge and experiences from leading scholars and top-level journal editors. Responding to the continuing emphasis on publishing in the top journals, this revised, updated and extended guide offers invaluable tips and advice for anyone looking to publish their work in these publications. This exciting and cutting-edge book includes brand new chapters on managing a research pipeline, positioning papers for publication and maximizing the chance of success with a novice editor as well as an in-depth look at research impact. Existing chapters provide additional insights into the value of peer review, the importance of your chosen methodology, ethics and integrity in the industry, securing repeat publication, tips on publishing in new disciplines and the nuances of special issues and open access publications. Offering an insider perspective and candid advice, this second edition once more takes you on a journey through the journal review process, providing behind-the-scenes insight into the potential pitfalls and advantages. This book will be a must-read for academics of all levels seeking to advance their career and expand their journal publication success. Contributors: P. Andries, J. Barney, Y. Baruch, J.E. Baur, D.D. Bergh, S.K. Bhaumik, B. Boyd, M.R. Buckley, P. Budhwar, T. Clark, J.G. Combs, B. Connelly, K.G. Corley, D. Cumming, S. Estrin, G.R. Ferris, D. Gioia, B. Harley, A.-W. Harzing, M.A. Hitt, G.P. Hodgkinson, R.D. Ireland, F.W. Kellermanns, D.J. Ketchen, Jr., B.T. Lamont, A. Leiponen, B. Martin, W. Mitchell, G. Molina Sieiro, T. Pedersen, P.L. Perrewe, A.L. Ranft, P.L. Roth, B. Schinoff, A. Smith, C.C. Snow, W.H. Starbuck, W.H. Stewart, Jr., S. Tallman, B. Taylor, S. Toms, R. van Dick, G. Wood, M. Wright, D. Yiu

'The editors have assembled a distinguished group of scholars to weigh in on a timely, important, and under-researched topic: the role of accelerators in venture creation and growth. The end result is a lucid and insightful book. This is a ''must read'' for scholars, policymakers, and practitioners with an interest in the role of incubators/accelerators in entrepreneurship and regional economic development.' - Donald Siegel, Arizona State University, US Understanding how accelerators build an entrepreneurial ecosystem, generate innovations and create new technologies is key for anyone wishing to nurture a start-up company. This book compares the success of accelerators in comparison to the independent growth of new companies or incubators through a series of in-depth studies. Accelerators: Successful Venture Creation and Growth examines how the organisational structures and practices of start-up accelerators generate innovations and identify new technologies, products and services. Mike Wright and Israel Drori have developed an entrepreneurial approach to this topic, exploring accelerators and start-ups as temporary organisations. This allows the contributing authors to highlight issues relating to both internal and external processes. This book focuses on an important entrepreneurship trend that is growing, but has not yet undergone thorough research, and as such, is key for anyone wishing to understand the topic. This would be a stimulating and valuable read for entrepreneurs, policymakers and students looking to enter accelerators. Contributors include: M. Bliemel, M.G. Colombo, S. de Klerk, I. Drori, R. Flores, J.-Y. Fu, J. Gonzalez-Uribe, J. Koch, M. Leatherbee, M.P. Miles, C. Rossi-Lamastra, J. Van Hove, I. Vanaelst, L. Vandeweghe, M. Wenzel, M. Wright, R. Yitshaki

This book presents up-to-date evidence on the issues facing financiers and intermediaries involved in venture capital and management buy-outs. It provides a comprehensive review of existing literature and an analysis of international trends in market development as well as a global comparison of the major issues. It addresses venture capital at the industry/market and firm level and provides full coverage on both informal and formal venture capitalists, management buy-outs, and competing and complementary sources of finance including bank finance and trade credit. The contributors also discuss important but neglected issues on the nature of venture capitalist-investee relationships and the revelation of knowledge, the costs of information searches, the development of appropriate forms of managerial and financial control systems, the role of the entrepreneur and bargaining models of contract negotiation. It uses case study examples from the US, the UK, and West and Eastern Europe. This book will be of interest to practitioners, researchers and policymakers in the area of the financing and management of firms as well as academics and students interested in management buy-outs, venture capital, entrepreneurship and finance.

This unique collection of new, previously unpublished papers demonstrates the importance of corporate governance throughout the different stages of the life-cycle of firms and organisations, and in particular in the crucial transitions between stages. In so doing it redresses an imbalance created by the wealth of literature and research devoted to the study of corporate governance in mature firms only. The book gives equal consideration to the monitoring and control functions of corporate governance mechanisms, and to the resource and strategic roles of governance in the decision-making process. In so doing it attempts to provide a framework through which to understand the factors that affect the balance between the possible functions of corporate governance. It is suggested in these papers that an analysis of the firm's governance life-cycles cannot be separated from the economic and institutional dynamics in a particular country, and as such the book reviews the role of the corporate governance life-cycle in different industrial and institutional contexts.

This important three-volume collection focuses upon several major themes relating to the entrepreneur, the organisation and the environment for entrepreneurship. It includes articles that focus upon opportunity recognition and exploitation, creativity, risk and uncertainty, ability based on skills, competencies and knowledge, market adjustment, innovation and the ability to make calculated judgements. It makes an important distinction between the motivations, characteristics, roles and contributions of different types of entrepreneurs. The articles are organised into fourteen sections, namely: entrepreneurship theory; methodological issues; entrepreneurial opportunity recognition and information search; finance for entrepreneurs; entrepreneurial careers; types of entrepreneurs; environments for venture creation and development; venture growth and performance; organisation closure, internationalisation; corporate venturing; family firms; technology-based firms; and franchising. This very comprehensive three volume set will be essential reading for policymakers, practitioners, academics and students of entrepreneurship.

Richmond became the capital of the Confederacy when Virginia joined the Southern cause, marking the city as a prime target for the Union army. General McClellan was the first Union leader to lay siege to Richmond, and that was just the beginning. The attractive and genteel city of Richmond would be transformed into a refugee camp, a scene of riots, and a city-sized hospital before the war was over. Making use of diaries, letters, and newspaper accounts from the era, Wright brings readers face to face with the men and women who fought for the city, endured starvation, observed Lee's defeats and Grant's progress, and witnessed the Confederacy's last days.

Increasingly, entrepreneurship research recognizes a wide variety in entrepreneurial behaviour. One such difference is marked between experienced or habitual entrepreneurs and novices. This book, authored by established experts in the field, introduces and explores the habitual entrepreneur phenomenon. Building upon an international body of research, the authors analyse business behaviour to demonstrate how experience relates to the performance of new ventures. In employing a range of methodological techniques, the authors provide insight into how prior business ownership experience produces different outcomes when it comes to the key success factors associated with entrepreneurial ventures. With detailed coverage of finance, networking, opportunity discovery, and learning, the book is a uniquely comprehensive resource. This concise book is a complete research guide which provides an introduction for advanced students and researchers of entrepreneurship worldwide.

Within a practical business context of the changing, competitive climate, this book details the implications for marketing strategy. New chapters cover topics such as credit cards and customer care, while several relevant case studies have also been added. Combining analysis of principles, concepts and techniques with sound practical advice, 'Marketing Financial Services' is ideal for students on degree and postgraduate courses, including Chartered Institute of Bankers. There is also a tutor resource pack to accompany the case studies in this textbook.

Increasingly, entrepreneurship research recognizes a wide variety in entrepreneurial behaviour. One such difference is marked between experienced or habitual entrepreneurs and novices. This book, authored by established experts in the field, introduces and explores the habitual entrepreneur phenomenon. Building upon an international body of research, the authors analyse business behaviour to demonstrate how experience relates to the performance of new ventures. In employing a range of methodological techniques, the authors provide insight into how prior business ownership experience produces different outcomes when it comes to the key success factors associated with entrepreneurial ventures. With detailed coverage of finance, networking, opportunity discovery, and learning, the book is a uniquely comprehensive resource. This concise book is a complete research guide which provides an introduction for advanced students and researchers of entrepreneurship worldwide.

This book deals with risk capital provided for established firms outside the stock market, private equity, which has grown rapidly over the last three decades, yet is largely poorly understood. Although it has often been criticized in the public mind as being short termist and having adverse consequences for employment, in reality this is far from the case. Here, John Gilligan and Mike Wright dispel some of the biggest myths and misconceptions about private equity. The book provides a unique and authoritative source from a leading practitioner and academic for practitioners, policymakers, and researchers that explains in detail what private equity involves and reviews systematic evidence of what the impact of private equity has been. Written in a highly accessible style, the book takes the reader through what private equity means, the different actors involved, and issues concerning sourcing, checking out, valuing, and structuring deals. The various themes from the systematic academic evidence are highlighted in numerous summary vignettes placed alongside the text that discuss the practical aspects. The main part of the work concludes with an up-to-date discussion by the authors, informed commentators on the key issues in the lively debate about private equity. The book further contains summary tables of the academic research carried out over the past three decades across the private equity landscape including: the returns to investors, economic performance, impact on R&D and employees, and the longevity and life-cycle of private equity backed deals.

There is little doubt that corporate governance has become one of the key issues for students of business management in the 1990s. This text is the first to draw together the various strands of the debate from economics, finance, and accounting perspectives, and from an international angle that includes discussion of the issues as they relate to governance in the UK, USA, Germany, Japan, and Eastern Europe. The editors identify four main approaches to Corporate Governance. These approaches can be divided into four models:The Principal-Agent or Finance Model; The Myopic-market Model (short-termism); The Abuse of Executive Power; and The Stakeholder Model. Topics covered include: the role of institutional investors the corporate board the market for corporate control management buy-outs and venture capital regulation and auditing governance in the public sector This will be an essential purchase for anyone studying corporate governance whether on an undergraduate degree or MBA.;This book is intended for college: Students of Business, Economics and Accounting taking options in business policy, industrial organization, financial reporting, or corporate governance. Academic: Academics i

What They Didn't Teach You About the Civil War looks at the ordinary people who fought the war and the people they left behind. It is about Belle Starr and Johnny Clem, one the South's top female spy, the other a nine-year-old drummer boy who went on to serve 46 years in the U.S. Army. It is about the first shot fired at Fort Sumter (by a civilian who later committed suicide) and the final lowering of the Confederate flag (by a ship's captain in Liverpool, England). It is about death on the battlefields and in prison cells, about women fighting to be recognized for their accomplishments, and how people on both sides managed to survive the deadliest war this nation has seen. These are the emotions, passions, and stories that go far beyond History 101.

There has been a substantial rise in the number of entrepreneurship courses and programs at colleges and universities. Despite the rapid rise of undergraduate entrepreneurship, there have been few academic studies of this phenomenon. Little is known about the antecedents and consequences of these activities. Student Start-Ups: The New Landscape of Academic Entrepreneurship is the first book of its kind on student entrepreneurship. It sets out to provide a structured approach to understanding the development of the phenomenon by synthesizing and offering the best available quantitative data and new case studies from a range of countries and universities. In doing so, they present the evolution of different models of student entrepreneurship with insights and implications for practice, policy and research.

Within a practical business context of the changing, competitive climate, this book details the implications for marketing strategy. New chapters cover topics such as credit cards and customer care, while several relevant case studies have also been added. Combining analysis of principles, concepts and techniques with sound practical advice, 'Marketing Financial Services' is ideal for students on degree and postgraduate courses, including Chartered Institute of Bankers. There is also a tutor resource pack to accompany the case studies in this textbook.

There is a growing interest in the diversity and complexity of entrepreneurial teams because of their potential to shape new business growth. In particular, curiosity is focused on how entrepreneurial teams should be formed in order to allow new businesses to be created and therefore ensure their growth. This timely collection identifies leading contributions in this developing area and reflects a growing body of research. The editors have written an authoritative introduction exploring the origins and development of research in this field.

There has been a substantial rise in the number of entrepreneurship courses and programs at colleges and universities. Despite the rapid rise of undergraduate entrepreneurship, there have been few academic studies of this phenomenon. Little is known about the antecedents and consequences of these activities. Student Start-Ups: The New Landscape of Academic Entrepreneurship is the first book of its kind on student entrepreneurship. It sets out to provide a structured approach to understanding the development of the phenomenon by synthesizing and offering the best available quantitative data and new case studies from a range of countries and universities. In doing so, they present the evolution of different models of student entrepreneurship with insights and implications for practice, policy and research.