The impact of private equity on firms׳ patenting activity

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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...

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Bibliographic Details
Main Authors:	Amess, Kevin, Stiebale, Joel, Wright, Mike
Format:	Article
Published:	Elsevier 2015
Subjects:	Private equity; Leveraged buyout; Entrepreneurial buyouts; Innovation
Online Access:	https://eprints.nottingham.ac.uk/32118/

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