全球智库信息集成服务系统(G2TT): Barbarians at the Store? Private Equity, Products, and Consumers

G2TT

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.