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The Private Equity-Leveraged Buyout Form of Finance Capitalism: Ethical and Social Issues, and Potential Reforms

Published online by Cambridge University Press:  23 January 2015

Richard P. Nielsen
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Abstract

This article explains how the private equity-leveraged buyout type of financial institution (PE-LBO) operates as a form of finance capitalism. PE-LBO capitalism is described and compared with other types of capitalism such as family business capitalism, managerial capitalism, and other forms of finance capitalism such as shareholder value capitalism. Ethical and social issues structurally related to the PE-LBO form are analyzed. Potential reforms and/or solutions are considered.

Type
Society for Business Ethics Conference Dialogue: Hedge Funds and Private Equity
Information
Business Ethics Quarterly , Volume 18 , Issue 3 , July 2008 , pp. 379 - 404
Copyright
Copyright © Society for Business Ethics 2008

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