668
edits
Changes
Jump to navigation
Jump to search
→Jake
http://eds.b.ebscohost.com/eds/pdfviewer/pdfviewer?sid=2e398700-9474-4bb3-8022-a88fce39a0ec%40sessionmgr101&vid=1&hid=112 LBO's effects on innovation evidence from france
===Nadant and Perdreau 2015===
@article{le2015lbos,
title={LBOs' effects on innovation: evidence from France.},
author={Le nAdAnt, Anne-LAure and PerdreAu, Fr{\'e}d{\'e}ric},
journal={Management International/International Management/Gesti{\'o}n Internacional},
volume={19},
number={3},
year={2015}
abstract={Using Community Innovation Survey data
from France, we provide an empirical analysis
of the innovative efforts of a sample of
manufacturing firms that underwent a leveraged
buyout. We find no evidence that
LBOs have a negative effect on firm level
of innovation expenditure. In contrast,
results suggest that buyouts have a positive
effect on incremental innovation and that
private equity firms help to make innovation
spending more effective and even
more efficient. It could be that private
equity firms help the company to focus on
its core innovative capabilities and bring
innovative products to the market without
increasing innovation spending.}
filename={Nadant and Perdreau (2015) - LBO effects on innovation evidence from France}
}
Finds no evidence that ex-post innovation expenditure is lower for LBO targets than for comparable firms in France. Results suggest that buyouts have a positive effect on incremental innovation and that private equity firms help to make innovation spending more effective and more efficient.
http://www.sciencedirect.com/science/article/pii/0304405X91900044 The Staying Power of Leveraged Buyouts
