Private Equity and Industry Performance

Research output: Contribution to journalJournal article



The growth of the private equity industry has spurred concerns about its impact on the economy. This analysis looks across nations and industries to assess the impact of private equity on industry performance. We find that industries where private equity funds invest grow more quickly in terms of total production and employment and appear less exposed to aggregate shocks. Our robustness tests provide some evidence that is consistent with our effects being driven by our preferred channel.

Publication information

Original languageEnglish
JournalManagement Science
Issue number4
Pages (from-to)1198-1213
Number of pages16
StatePublished - Mar 2017

    Research areas

  • Private equity, Industry growth, Cross-country analysis, Production, Employment

ID: 45606192