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Inorganic Growth Strategies in Private Equity: Empirical Evidence on Add-On Acquisitions

https://doi.org/10.2139/ssrn.2338115
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The 11 references without a DOI — listed, not checked
no DOI — not checkedPE sponsor controls include LN (1 + PE # of prior acq) and PE HEC-DJ ranked. Industry controls include industry HHI score 500-1000, industry HHI score 1000-1500, industry HHI score >1500 and 3-year industry sales growth. Omitted categories are private-to-private for the entry channels, mid cap for the portfolio firm size measures and industry HHI score 0-500 for the industry concentration measures. Independent variables are explained in Appendix A.2. Exit year group fixed effects control for exits in the years
no DOI — not checkedBinary variable equal to one if the Herfindahl-Hirschman Index (HHI) of the portfolio firm's (extended) Fama and French 30 industry (as in Table 1) ranges between 0 and 500 in the year of the buyout, and zero otherwise. Basis for the calculation are sales figures of all companies in the S&P Global Broad Market Index in each buyout year
no DOI — not checkedBinary variable equal to one if the Herfindahl-Hirschman Index (HHI) of the portfolio firm's (extended) Fama and French 30 industry (as in Table 1) ranges between 500 and 1000 in the year of the buyout, and zero otherwise. Basis for the calculation are sales figures of all companies in the S&P Global Broad Market Index in each buyout year
no DOI — not checkedBinary variable equal to one if the Herfindahl-Hirschman Index (HHI) of the portfolio firm's (extended) Fama and French 30 industry (as in Table 1) ranges between 1000 and 1500 in the year of the buyout, and zero otherwise. Basis for the calculation are sales figures of all companies in the S&P Global Broad Market Index in each buyout year
no DOI — not checkedIndex (HHI) of the portfolio firm's (extended) Fama and French 30 (as in Table 1) industry is greater than 1500 in the year of the buyout, and zero otherwise. Basis for the calculation are sales figures of all companies in the S&P Global Broad Market Index in each buyout year
no DOI — not checkedyear industry sales growth (in %) Indicates the average (extended) Fama and French 30 industry (as in Table 1) sales growth for the three years before the buyout event
no DOI — not checkedCorporate governance and value creation: Evidence from private equity
no DOI — not checkedref61
no DOI — not checkedref82
no DOI — not checkedEconomic duration data and hazard functions
no DOI — not checkedThe new demography of private equity
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