Empirical Part II: Drivers at Industry Level
The aim of this section is to investigate the drivers of private equity investment activity at industry level. This approach is motivated by the established view that waves of mergers are also driven to a large extent by industry dynamics (see Mitchell and Mulherin 1996, Harford 2005 and Bartholdy et al. 2009, for example). This part of the study focuses on drivers that are considered to be particularly sensitive to industry-specific developments.
KeywordsEurope Income Stein
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