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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w27435 |
来源ID | Working Paper 27435 |
Barbarians at the Store? Private Equity, Products, and Consumers | |
Cesare Fracassi; Alessandro Previtero; Albert W. Sheen | |
发表日期 | 2020-06-29 |
出版年 | 2020 |
语种 | 英语 |
摘要 | We investigate the effects of private equity on product markets using price and sales data for an extensive number of consumer products. Following a buyout, target firms increase sales 50% more than matched control firms. Price increases—roughly 1% on existing products—do not drive this growth. The launch of new products and geographic expansion do. Competitors lose shelf space and marginally raise prices. Results for public vs. private targets, during and after the financial crisis, and in industries that vary in structure suggest private equity tailors strategies to the environment, eases financial constraints, and provides expertise to manage growth. |
主题 | Financial Economics ; Financial Institutions ; Industrial Organization ; Market Structure and Firm Performance |
URL | https://www.nber.org/papers/w27435 |
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/585108 |
推荐引用方式 GB/T 7714 | Cesare Fracassi,Alessandro Previtero,Albert W. Sheen. Barbarians at the Store? Private Equity, Products, and Consumers. 2020. |
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 | ||
w27435.pdf(814KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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