{"id":"https://openalex.org/W2047375640","doi":"https://doi.org/10.2307/3665680","title":"Leveraged Buyouts and Tax Incentives","display_name":"Leveraged Buyouts and Tax Incentives","publication_year":1992,"publication_date":"1992-01-01","ids":{"openalex":"https://openalex.org/W2047375640","doi":"https://doi.org/10.2307/3665680","mag":"2047375640"},"language":"en","primary_location":{"id":"doi:10.2307/3665680","doi":"https://doi.org/10.2307/3665680","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3665680","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5069713674","display_name":"Gerald D. Newbould","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Gerald D. Newbould","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5069044271","display_name":"Robert E. Chatfield","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Robert E. Chatfield","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5075627104","display_name":"Ronald F. Anderson","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ronald F. Anderson","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":2850,"currency":"USD","value_usd":2850},"apc_paid":null,"fwci":4.5161,"has_fulltext":false,"cited_by_count":37,"citation_normalized_percentile":{"value":0.94688508,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"21","issue":"1","first_page":"50","last_page":"50"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8246999979019165,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8246999979019165,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.14069999754428864,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.011300000362098217,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/leveraged-buyouts","display_name":"leveraged buyouts","score":1.0},{"id":"https://openalex.org/keywords/tax-incentives","display_name":"tax incentives","score":0.9739999771118164},{"id":"https://openalex.org/keywords/tax-reform-act-of-1986","display_name":"Tax Reform Act of 1986","score":0.9039999842643738},{"id":"https://openalex.org/keywords/capital-gains-tax","display_name":"capital gains tax","score":0.8190000057220459},{"id":"https://openalex.org/keywords/corporate-taxation","display_name":"corporate taxation","score":0.6000000238418579},{"id":"https://openalex.org/keywords/tax-structure","display_name":"tax structure","score":0.30399999022483826}],"concepts":[{"id":"https://openalex.org/C45971065","wikidata":"https://www.wikidata.org/wiki/Q1058381","display_name":"Leveraged buyout","level":3,"score":0.8279273509979248},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.6150656938552856},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.60504150390625},{"id":"https://openalex.org/C2777738643","wikidata":"https://www.wikidata.org/wiki/Q2912966","display_name":"Tax incentive","level":3,"score":0.43782278895378113},{"id":"https://openalex.org/C162077342","wikidata":"https://www.wikidata.org/wiki/Q1062630","display_name":"Tax credit","level":2,"score":0.43531888723373413},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.37646999955177307},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2816440463066101},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.28090372681617737},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.17118263244628906},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.1402583122253418},{"id":"https://openalex.org/C71110296","wikidata":"https://www.wikidata.org/wiki/Q476115","display_name":"Private equity","level":2,"score":0.10118776559829712}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2307/3665680","doi":"https://doi.org/10.2307/3665680","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3665680","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16","score":0.5899999737739563}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":10,"referenced_works":["https://openalex.org/W1499675901","https://openalex.org/W1509866346","https://openalex.org/W1573152432","https://openalex.org/W2103138323","https://openalex.org/W2106005007","https://openalex.org/W2144307834","https://openalex.org/W2158852434","https://openalex.org/W2800067724","https://openalex.org/W2892116620","https://openalex.org/W3125304111"],"related_works":["https://openalex.org/W4294701067","https://openalex.org/W1830215985","https://openalex.org/W583101765","https://openalex.org/W4230360260","https://openalex.org/W3023569379","https://openalex.org/W2158852434","https://openalex.org/W2291025929","https://openalex.org/W7099738347","https://openalex.org/W604452455","https://openalex.org/W144184691"],"abstract_inverted_index":{"We":[0],"investigate":[1],"the":[2,10,26,34,79,86,92,97,108,112,121,129,144],"tax":[3,46,53,106,142],"incentives":[4],"for":[5],"leveraged":[6,36],"buyouts":[7,37],"by":[8,15,31,70],"measuring":[9],"change":[11,27],"in":[12,28,38,73,94,111],"taxes":[13,29],"paid":[14,30],"a":[16,20,50,56,71,103,115,135],"firm":[17,110],"due":[18],"to":[19,67,91,125],"buyout.":[21],"Estimates":[22],"are":[23],"made":[24],"of":[25,33,62,102,114,120,137],"23":[32],"largest":[35],"1988,":[39],"1989":[40],"and":[41,48],"1990":[42],"under":[43],"three":[44],"different":[45],"structures":[47],"use":[49],"pre-TRA":[51],"'86":[52],"structure":[54],"as":[55,143],"comparison":[57],"point.":[58],"A":[59],"significant":[60],"portion":[61],"buyout":[63],"premiums":[64],"still":[65],"appear":[66],"be":[68,89],"caused":[69],"reduction":[72,93],"taxes.":[74,95],"But,":[75],"on":[76,107],"average,":[77],"after":[78],"Tax":[80,98],"Reform":[81,99],"Act,":[82],"less":[83],"than":[84],"half":[85],"premium":[87],"can":[88],"attributed":[90],"Further,":[96],"Act":[100],"levy":[101],"capital":[104,140],"gains":[105,141],"target":[109],"case":[113],"Section":[116],"338":[117],"election":[118],"(step-up":[119],"assets":[122],"basis)":[123],"appears":[124],"have":[126],"effectively":[127],"eliminated":[128],"step-up":[130],"option,":[131],"unless":[132],"there":[133],"is":[134],"method":[136],"avoiding":[138],"this":[139],"taxation":[145],"literature":[146],"hints.":[147]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":5},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}
