Amess, Kevin; Stiebale, Joel; Wright, Mike - Düsseldorf Institute for Competition Economics (DICE), … - 2015
innovation activity is concentrated among private-to-private transactions with a 14% increase in the quality-adjusted patent …The paper analyses the impact of private equity (PE) backed leveraged buyouts (LBOs) on innovation output (patenting …). Using a sample of 407 UK deals we find that LBOs have a positive causal effect on patent stock and quality-adjusted patent …