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 …

Using a novel dataset on global private equity investments in 19 industries across 52
countries, we find that labor productivity, employment, profitability, and capital expenditures …

Our paper provides a contribution to the literature on peer effects in leveraged buyouts and
delivers an explanation for the seemingly contradicting findings in the existing literature. We …

Over the past two decades, the US stock market has been shrinking as the public firm model
has begun to fall out of favor. We develop a political economy model of delistings to study …

Over the past two decades, the US stock market has halved in size as the" public firm model"
has begun to fall out of favor. We develop a political economy model of delistings from the …

We investigate a potential primary effect of leveraged buyouts (LBOs) by private equity (PE)
on peers in the same industry using data on US public‐to‐private LBO transactions between …

We show how temporary ownership by private equity firms affects industry structure,
competition and welfare. Temporary ownership leads to strong investment incentives …

Returns on LBOs are on average higher for developed economies. However, returns of
LBOs during high economic growth periods are high for developing economies relative to …

We show that private equity-sponsored public-to-private buyouts in the US evoke positive
externality effects among their targets' industry peers. Industrial organization and strategic …

This paper analyzes the impact of leveraged buyouts (LBOs) on the profitability of industry
peers of target firms in Europe. Previous research has documented a significant increase in …