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http://onlinelibrary.wiley.com/doi/10.1111/j.1540-6261.2010.01639.x/full Josh Lerner Private Equity and Long-Run Investment: The Case of Innovation
http://www.sciencedirect.com/science/article/pii/088390269400024O Corporate entrepreneurship and financial performance: The case of management leveraged buyouts
https://www.econstor.eu/handle/10419/109639 The impact of private equity on firms' innovation activity
https://halshs.archives-ouvertes.fr/file/index/docid/522624/filename/Submission_LN-P_Rev_acc_and_fin.pdf
http://eds.b.ebscohost.com/eds/pdfviewer/pdfviewer?sid=2e398700-9474-4bb3-8022-a88fce39a0ec%40sessionmgr101&vid=1&hid=112 LBO's effects on innovation evidence from france
http://www.sciencedirect.com/science/article/pii/0304405X91900044 The Staying Power of Leveraged Buyouts
http://www.jstor.org/stable/3665536?seq=1#page_scan_tab_contents Corporate Capital Structure Decisions: Evidence from Leveraged Buyouts
→Jake
==Jake==
@article{lerner2011private,
title={Private equity and long-run investment: The case of innovation},
===Zahra 1995===
@article{zahra1995corporate,
Results from this study suggest that a company's commitment to corporate entrepreneurship (measured through innovation and venturing) increase after an LBO. Results also show that post-LBO changes in corporate entrepreneurship are associated with, or accompanied by concurrent changes in company performance.
===Amess et al 2015===
The results show that PE-backed LBOs have a positive causal effect on both patenting and quality-adjusted patents measured by forward citations. This implies an increase in innovation activity rather than an increase in strategic patenting. The impact is predominantly driven by private to private LBO transactions. The findings are consistent with PE firm involvement relaxing financial constraints in firms, facilitating their investment in innovation activity.
===Nadant and Perdreau 2006===
Confirms LBO targets are less indebted and possess relatively more liquid assets than their industry counterparts. Contrary to former findings, LBO's business risk also seems to be higher than for non-LBO firms prior to the deal. Also corroborates or disagrees with some dozen other hypotheses.
===Nadant and Perdreau 2015===
Finds no evidence that ex-post innovation expenditure is lower for LBO targets than for comparable firms in France. Results suggest that buyouts have a positive effect on incremental innovation and that private equity firms help to make innovation spending more effective and more efficient.
===Kaplan 1991===
Implications for the reasons LBOs occur and sources of value in LBO transactions. Describes characteristics, timelines, and stats of LBOs that return to public ownership.
===Roden & Lewellen 1995===
