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- Title
Private Equity and Industry Performance.
- Authors
Bernstein, Shai; Lerner, Josh; Sorensen, Morten; Strömberg, Per
- Abstract
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. Our robustness tests provide some evidence that is consistent with our effects being driven by our preferred channel. This paper was accepted by Amit Seru, finance.
- Subjects
PRIVATE equity; ORGANIZATIONAL performance; BUSINESS expansion; PRODUCTION (Economic theory); ECONOMIC activity
- Publication
Management Science, 2017, Vol 63, Issue 4, p1198
- ISSN
0025-1909
- Publication type
Article
- DOI
10.1287/mnsc.2015.2404