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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w15632 |
来源ID | Working Paper 15632 |
Private Equity and Industry Performance | |
Shai Bernstein; Josh Lerner; Morten Sørensen; Per Strömberg | |
发表日期 | 2010-01-07 |
出版年 | 2010 |
语种 | 英语 |
摘要 | The growth of the private equity industry has spurred concerns about its potential impact on the economy more generally. This analysis looks across nations and industries to assess the impact of private equity on industry performance. Industries where PE funds have invested in the past five years have grown more quickly in terms of productivity and employment. There are few significant differences between industries with limited and high private equity activity. It is hard to find support for claims that economic activity in industries with private equity backing is more exposed to aggregate shocks. The results using lagged private equity investments suggest that the results are not driven by reverse causality. These patterns are not driven solely by common law nations such as the United Kingdom and United States, but also hold in Continental Europe. |
主题 | Financial Economics ; Financial Institutions ; Corporate Finance |
URL | https://www.nber.org/papers/w15632 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573307 |
推荐引用方式 GB/T 7714 | Shai Bernstein,Josh Lerner,Morten Sørensen,et al. Private Equity and Industry Performance. 2010. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w15632.pdf(252KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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