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Private Equity and Long-Run Investment: The Case of Innovation

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NBER2008-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14623
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A long-standing controversy is whether LBOs relieve managers from short-term pressures from public shareholders, or whether LBO funds themselves are driven by short-term profit motives and sacrifice long-term growth to boost short-term performance. We investigate 495 transactions with a focus on one
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2008-12-01
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