Private Equity and Industry Performance
نویسندگان
چکیده
The growth of the private equity industry has spurred concerns about its impact on the economy. This analysis looks across nations and industries to assess the impact of private equity on industry performance. We find that industries where private equity funds invest grow more quickly in terms of total production and employment, and appear less exposed to aggregate shocks. We perform a number of robustness tests suggesting that these results are not driven by reverse causality. JEL: G23, G24, G28, G32, G34
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ورودعنوان ژورنال:
- Management Science
دوره 63 شماره
صفحات -
تاریخ انتشار 2017