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The paper investigates how Private Equity (PE) ownership influences out-performance of a high-growth firm, and whether it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We transform the levered return on equity into a unlevered...
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The objective of this paper is to empirically examine the relationship between the firms’ ownership and control structure, in particular the presence of foreign capital, and their internationalization levels, measured in terms of intensity and diversification. The international performance of...
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This paper studies the impact of research and development (R&D) and innovation on employment growth, focusing on small … and medium-sized firms. Employment effects of R&D and innovation are unclear a priori as process innovation may be labor … both R&D and innovation increased employment growth, suggesting that innovation was either capital-saving or labor had …
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