Davis, Steven J.; Haltiwanger, John C.; Handley, Kyle; … - 2019
, depending on buyout type and external conditions. Employment at target firms shrinks 13% over two years in buyouts of publicly …We examine thousands of U.S. private equity (PE) buyouts from 1980 to 2013, a period that saw huge swings in credit … market tightness and GDP growth. Our results show striking, systematic differences in the real-side effects of PE buyouts …