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The Effect of Leverage Buyouts on Innovation (view source)
Revision as of 12:53, 9 July 2020
, 12:53, 9 July 2020→Review the version 2 results
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So, despite the graphs, the main results are here! The diff-in-diff coeffs show that an LBO reduces patent flows, grants, and purchases, and increases term expirations. Only the results on R&D are unexpected. The pair fixed effects leave the coefficients unchanged (versus no controls) but reduce the standard error. We should check/prove that this is correct.
=Version 2=
