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During the 2008- 09 Global Financial crisis (GFC) and the European Sovereign crisis (ESC) banks...

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Finance

  • During the 2008- 09 Global Financial crisis (GFC) and the European Sovereign crisis (ESC) banks interrupted lines of credits to non-financial corporations. Given that during these economic crises, company defaults rose sharply in number, many speculated that private equity-owned companies would struggle even more than other non-sponsored firms.
  • Discuss how private equity-owned companies fared during these crises, linking the theoretical arguments to empirical evidence

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