The impact of private equity on firms׳ patenting activity
The paper analyses the impact of private equity (PE) backed leveraged buyouts (LBOs) on innovative output (patenting). Using a sample of 407 UK deals we find that LBOs have a positive causal effect on patent stock and quality-adjusted patent stock. Our results imply a 6% increase in quality-adjusted...
| Main Authors: | , , |
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| Format: | Article |
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Elsevier
2015
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| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/32118/ |