Replication data for: Do Private Equity Owned Firms Have Better Management Practices?

Principal Investigator(s): View help for Principal Investigator(s) Nicholas Bloom; Raffaella Sadun; John Van Reenen

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PE			10/12/2019 10:12:AM
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Project Citation:

Bloom, Nicholas, Sadun, Raffaella, and Van Reenen, John. Replication data for: Do Private Equity Owned Firms Have Better Management Practices? Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113354V1

Project Description

Summary: Using an innovative survey measure of management practices on over 15,000 firms, we find private equity firms are better managed than government, family, and privately owned firms, and have similar management to publicly listed firms. This is true both in developed and developing countries. Looking at management practices in detail we find that private equity owned firms have strong people management practices (hiring, firing, pay, and promotions), but even stronger monitoring management practices (lean manufacturing, continuous improvement, and monitoring). Plant managers working in private equity owned firms also report greater autonomy from headquarters over sales, marketing, and new product introduction.

Scope of Project

JEL Classification:
      G24 Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
      G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
      G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
      M10 Business Administration: General

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Published Versions

V1 [2019-10-12]

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DDI 2.5

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