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The Effect of Leverage Buyouts on Innovation (view source)
Revision as of 17:11, 3 July 2019
, 17:11, 3 July 2019→Moving Forward
There are also 498 'good' LBO records, which are in E:\projects\lbo\LBOBase.txt, as well as the 'Export to Dbase' sheet of the spreadsheet. Note that GENERAL HOST CORP and SBARRO INC aren't currently included because we don't have LBO dates for them. Of the 498, 490 have CS data in t=0, t=-1 or t=-2. Extending this to t=-3 adds just a single LBO and so isn't worth it. Moving to just t=0 and t=-1 reduces the count to 434, which was a big loss.
====Multiple LBOs====
We can't use all of the LBOs because sometimes they are the same firm having more than one LBO. The following records have that issue:
347 1999 029909 Petco Animal Supplies Inc 2000-10-02 2000 2002-02-15 2002 501 1.3726027 IPO 1 5990
476 2005 029909 Petco Animal Supplies Inc_2 2006-10-26 2006 2012-07-15 2012 2089 5.7232876 Still Private 4 ...5990
We are therefore going to drop the following dealnums, as they represent a second LBO of the same firm:
*281 Insilco Corp 1998-08-17
*47 SCOA Industries Inc 1985-12-10
*191 Budget Rent-A-Car Corp 1989-03-30
*561 Alliance Imaging Inc acquired by Apollo 1997-07-15
*476 Petco Animal Supplies Inc_2 2006-10-26
===Code===
