Entrepreneurship and management skills: the case of management buy-outs

Abstract

The link between management buy-outs (MBOs) and the entrepreneurial process is analysed. It is maintained that a management-based explanation of entrepreneurial activity is an appropriate framework for analysing post-MBO performance. A sample of UK MBOs was studied and it was found that there was a general improvement in financial performance during the first two years post-MBO. There was also a significant improvement in the cash management of the new firms which suggests that MBOs do provide management with entrepreneurial opportunities which had previously been unavailable to them.

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Cite this paper

@inproceedings{Weir1997EntrepreneurshipAM, title={Entrepreneurship and management skills: the case of management buy-outs}, author={Charles Weir}, year={1997} }