Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support

The Ethics of the Complete Management Buyout Cycle: A Multi-Perspective Analysis

Garry D. Bruton, J. Kay Keels and Elton Scifres
Journal of Business Ethics
Vol. 19, No. 4 (May, 1999), pp. 403-413
Published by: Springer
Stable URL: http://www.jstor.org/stable/25074109
Page Count: 11
  • Download ($43.95)
  • Cite this Item
If you need an accessible version of this item please contact JSTOR User Support
The Ethics of the Complete Management Buyout Cycle: A Multi-Perspective Analysis
Preview not available

Abstract

Management buyouts occur when incumbent managers (typically in association with third party investors) purchase all of a firm's outstanding stock and remove it from public trading. Prior ethical analyses of such activities have ignored the fact that large numbers of such buyouts return to public trading. The ethical implications of management buyout activity can be more fully understood if the entire buyout process is considered, beginning with the time the firm is taken private until it is returned to public trading. Using a widely employed strategic management ethical framework developed by Hosmer (1994), this paper examines the ethics of the complete buyout cycle.

Page Thumbnails

  • Thumbnail: Page 
[403]
    [403]
  • Thumbnail: Page 
404
    404
  • Thumbnail: Page 
405
    405
  • Thumbnail: Page 
406
    406
  • Thumbnail: Page 
407
    407
  • Thumbnail: Page 
408
    408
  • Thumbnail: Page 
409
    409
  • Thumbnail: Page 
410
    410
  • Thumbnail: Page 
411
    411
  • Thumbnail: Page 
412
    412
  • Thumbnail: Page 
413
    413