There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

long-run activity, namely, investments in innovation as measured by patenting activity. Based on 472 LBO transactions, we …

-term performance. We investigate 495 transactions with a focus on one form of long-term activities, namely investments in innovation as …

-term performance. We investigate 495 transactions with a focus on one form of long-term activities, namely investments in innovation as …

The paper analyses the impact of private equity (PE) backed leveraged buyouts (LBOs) on innovation output (patenting … innovation activity is concentrated among private-to-private transactions with a 14% increase in the quality-adjusted patent … promote short-term cost-cutting at the expense of entrepreneurial investment opportunities with a long-term payoff. …