Saeyoung Chang

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This paper investigates the economics of highly leveraged transactions and what determines firms' choice of an organizational form by documenting differences between 106 firms that undertook leveraged buyouts (LBOs) and 41 firms that implemented leveraged recapitalizations (LRs) during the period 1985-1990. We find a negative relation between the(More)
In 1985 the 15 villages and towns of Fufeng County, Shanxi Province, established service stations to promote family planning. The County invested over 90,000 yuan in an x-ray machine, operation table and necessary medical supplies. The service stations provided fluoroscopy, surgical and propaganda rooms. The purpose of each station, staffed by female(More)
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