==Abstract==
This academic paper investigates the recent trend of leveraged buyouts (LBO) in the US financial market and assesses its impacts on innovative activities within firms that undergo LBOs.
==Research Outline==
LBOs' effect on innovation
===How to measure innovation/effect on innovation===
*Patents granted
**Flow vs. stock
*Compustat variables:
**R&D spending
**Intangible assets
**Patents sold
**Other compound variables
===Factors influencing LBO impact===
*Industry
**High tech
**Manufacturing
*Type of LBO
**Buyout type
**Exit type
**Innovator vs. Flipper?
==Work Scripts==