Politically Connected Private Equity and Employment

@inproceedings{Faccio2013PoliticallyCP,
  title={Politically Connected Private Equity and Employment},
  author={M C S R Faccio and Hung-Chia Hsu},
  year={2013}
}
This paper investigates the employment consequences of buyouts by politically connected private equity firms. We find that politically connected private equity firms boost employment at their target firms following a buyout. The increase in employment is both statistically and economically significant. We provide evidence that the results are unlikely to be due to politically connected private equity firms selecting different types of targets than non-connected firms. In fact, employment drops… CONTINUE READING

From This Paper

Figures and tables from this paper.
3 Citations
28 References
Similar Papers

References

Publications referenced by this paper.
Showing 1-10 of 28 references

Corporate venture capital, value creation, and innovation,

  • Chemmanur, J Thomas, Elena Loutskina, Xuan Tian
  • 2012

Political connections and the cost of bank loans,

  • Houston, F Joel, Liangliang Jiang, Chen Lin, Yue Ma
  • 2012

Political contributions and the severity of government enforcement,

  • Fulmer, Sarah, April M. Knill
  • 2012

Do buyouts (still) create value

  • Guo, Shourun, Edith Hotchkiss, Weihong Song
  • Journal of Finance,”
  • 2011

Lobbying and fraud detection,

  • Research. Yu, Frank, Xiaoyun Yu
  • Journal of Financial and
  • 2011

Presidential battleground States by the numbers since 1968,

  • Ostermeier, Eric
  • 2011

Private equity and the resolution of financial distress,

  • Hotchkiss, Edith, David Smith, Per Strömberg
  • Working paper, Stockholm School of Economics
  • 2011

Differences between politically connected and non-connected firms: A cross country analysis,

  • Faccio, Mara
  • Financial Management,
  • 2010

Similar Papers

Loading similar papers…