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Are alternative asset manager-owned companies more or less inclined to promote research and development?

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Are alternative asset manager-owned companies more or less inclined to promote research and development?

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A study led by Professor Lerner of 5,000 U.S. transactions over a 25-year period, commissioned by the World Economic Forum, found that U.S. companies owned by private equity firms are significantly more likely to pursue economically important innovations than companies that are not owned by private equity investor.

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