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Private Equity Can Make Firms More Innovative

Harvard Business Review

And a recent working paper out of the Dusseldorf Institute for Competition Economics ( DICE ), a think tank of sorts, focuses on the latter by exploring whether leveraged buyouts (LBOs) make firms more innovative. PE investors don’t typically invest in firms known for innovation.

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. Businesses and management experts, in contrast, tend take the opposite position. This is a reminder that serious students of market performance take market failures seriously.

article thumbnail

What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. Businesses and management experts, in contrast, tend take the opposite position. This is a reminder that serious students of market performance take market failures seriously.