Davis, Steven J.; Haltiwanger, John C.; Handley, Kyle; … - 2021
, depending on buyout type and external conditions. Employment at target firms shrinks 13% over two years in buyouts of publicly …. Labor productivity rises 8% at targets over two years post buyout (again, relative to controls), with large gains for both … public-to-private and private-to-private buyouts. Target productivity gains are larger yet for deals executed amidst tight …