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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
===Nadant and Perdreau 2006===
@article{le2006financial,
title={Financial profile of leveraged buy-out targets: some French evidence},
author={Le Nadant, Anne-Laure and Perdreau, Fr{\'e}d{\'e}ric},
journal={Review of Accounting and Finance},
volume={5},
number={4},
pages={370--392},
year={2006},
publisher={Emerald Group Publishing Limited},
abstract={: This paper investigates whether firms, which are taken over on the French
market through Leveraged Buyouts (LBOs), possess characteristics prior to the
change which differentiate them from firms which are not acquired through LBOs.
Contrasting 175 LBO targets on the French market with an industry-matched
comparison group, we first run univariate analysis and then multivariate analysis
(logit regression). Beyond the underscoring of the LBO targets‟ financial features, we
conclude that subdividing our sample according to the vendor and bidder type is
beneficial. We thus notice that the so-called outperformance of LBO targets prior to
the deal hides in fact different cases.}
filename={Nadant and Perdreau (2006) - Financial Profile of Leveraged Buyout Targets Some French Evidence}
}
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 with or rejects some dozen other hypotheses about the characteristics of LBO target firms.
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
===Nadant and Perdreau 2015===
@article{le2015lbos,
