{"id":7937,"date":"2019-09-17T08:43:10","date_gmt":"2019-09-17T06:43:10","guid":{"rendered":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/"},"modified":"2019-09-17T08:43:10","modified_gmt":"2019-09-17T06:43:10","slug":"value-creation-and-persistence-in-private-equity","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/","title":{"rendered":"Value Creation and Persistence in Private Equity"},"content":{"rendered":"<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\"><p>We study how private equity (PE) firms generate returns for their investors, by using detailed confidential data to study their value creation plans and actions. We show that PE firms improve operational efficiency: both labor productivity and total factor productivity improve as PE-backed companies ramp up investment, employment, and sales.<\/p><p>We find no evidence that PE-backed companies increase their market power. In fact, the PE-backed companies in our sample reduce their price markups by 6%, which allows them to gain substantial market shares. The majority of the operational improvements instigated by PE firms persist even after they fully exit their investments. Finally, we link value creation plans and actions to the financial returns PE funds deliver to their investors.<\/p><\/div><\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":0,"featured_media":7938,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2019-09-26 12:30:00","event_end_date":"2019-09-26 13:45:00","event_speaker_name":"Alexander Ljungqvist  \u2013 Stockholm School of Economics","event_speaker_link":"","event_is_online":false,"event_location":"Faculty of Law, Economics and Finance \r\nWeicker Building \/ Room B001\r\n4, rue Alphonse Weicker\r\nL-2721 Luxembourg\r\n","event_street":"","event_location_link":"","event_zip_code":"","event_city":"","event_country":"LU"},"events-topic":[309],"events-type":[],"organisation":[116,101,226],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Value Creation and Persistence in Private Equity - Universit\u00e9 du Luxembourg<\/title>\n<meta name=\"description\" content=\"We study how private equity (PE) firms generate returns for their investors, by using detailed confidential data to study their value creation plans and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Value Creation and Persistence in Private Equity\" \/>\n<meta property=\"og:description\" content=\"We study how private equity (PE) firms generate returns for their investors, by using detailed confidential data to study their value creation plans and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/\" \/>\n<meta property=\"og:site_name\" content=\"UNI FR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uni.lu\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/\",\"url\":\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/\",\"name\":\"Value Creation and Persistence in Private Equity - Universit\u00e9 du Luxembourg\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2019\/09\/value_creation_and_persistence_in_private_equity.jpg\",\"datePublished\":\"2019-09-17T06:43:10+00:00\",\"dateModified\":\"2019-09-17T06:43:10+00:00\",\"description\":\"We study how private equity (PE) firms generate returns for their investors, by using detailed confidential data to study their value creation plans and\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#primaryimage\",\"url\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2019\/09\/value_creation_and_persistence_in_private_equity.jpg\",\"contentUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2019\/09\/value_creation_and_persistence_in_private_equity.jpg\",\"width\":800,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.uni.lu\/fr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Events\",\"item\":\"https:\/\/www.uni.lu\/fr\/events\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Value Creation and Persistence in Private Equity\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.uni.lu\/fr\/#website\",\"url\":\"https:\/\/www.uni.lu\/fr\/\",\"name\":\"Uni.lu\",\"description\":\"Universit\u00e9 du Luxembourg\",\"publisher\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/#organization\"},\"alternateName\":\"Universit\u00e9 du Luxembourg\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.uni.lu\/fr\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.uni.lu\/fr\/#organization\",\"name\":\"Universit\u00e9 du Luxembourg\",\"alternateName\":\"Uni.lu\",\"url\":\"https:\/\/www.uni.lu\/fr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.uni.lu\/fr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg\",\"contentUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg\",\"width\":2560,\"height\":2560,\"caption\":\"Universit\u00e9 du Luxembourg\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/uni.lu\",\"https:\/\/www.linkedin.com\/school\/university-of-luxembourg\/\",\"https:\/\/www.instagram.com\/uni.lu\",\"https:\/\/www.youtube.com\/@uni_lu\",\"https:\/\/en.wikipedia.org\/wiki\/University_of_Luxembourg\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Value Creation and Persistence in Private Equity - Universit\u00e9 du Luxembourg","description":"We study how private equity (PE) firms generate returns for their investors, by using detailed confidential data to study their value creation plans and","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/","og_locale":"fr_FR","og_type":"article","og_title":"Value Creation and Persistence in Private Equity","og_description":"We study how private equity (PE) firms generate returns for their investors, by using detailed confidential data to study their value creation plans and","og_url":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/","og_site_name":"UNI FR","article_publisher":"https:\/\/www.facebook.com\/uni.lu","og_image":[{"width":2560,"height":2560,"url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Dur\u00e9e de lecture estim\u00e9e":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/","url":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/","name":"Value Creation and Persistence in Private Equity - Universit\u00e9 du Luxembourg","isPartOf":{"@id":"https:\/\/www.uni.lu\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#primaryimage"},"image":{"@id":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#primaryimage"},"thumbnailUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2019\/09\/value_creation_and_persistence_in_private_equity.jpg","datePublished":"2019-09-17T06:43:10+00:00","dateModified":"2019-09-17T06:43:10+00:00","description":"We study how private equity (PE) firms generate returns for their investors, by using detailed confidential data to study their value creation plans and","breadcrumb":{"@id":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#primaryimage","url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2019\/09\/value_creation_and_persistence_in_private_equity.jpg","contentUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2019\/09\/value_creation_and_persistence_in_private_equity.jpg","width":800,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.uni.lu\/fr\/events\/value-creation-and-persistence-in-private-equity\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.uni.lu\/fr\/"},{"@type":"ListItem","position":2,"name":"Events","item":"https:\/\/www.uni.lu\/fr\/events\/"},{"@type":"ListItem","position":3,"name":"Value Creation and Persistence in Private Equity"}]},{"@type":"WebSite","@id":"https:\/\/www.uni.lu\/fr\/#website","url":"https:\/\/www.uni.lu\/fr\/","name":"Uni.lu","description":"Universit\u00e9 du Luxembourg","publisher":{"@id":"https:\/\/www.uni.lu\/fr\/#organization"},"alternateName":"Universit\u00e9 du Luxembourg","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.uni.lu\/fr\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/www.uni.lu\/fr\/#organization","name":"Universit\u00e9 du Luxembourg","alternateName":"Uni.lu","url":"https:\/\/www.uni.lu\/fr\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.uni.lu\/fr\/#\/schema\/logo\/image\/","url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg","contentUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg","width":2560,"height":2560,"caption":"Universit\u00e9 du Luxembourg"},"image":{"@id":"https:\/\/www.uni.lu\/fr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/uni.lu","https:\/\/www.linkedin.com\/school\/university-of-luxembourg\/","https:\/\/www.instagram.com\/uni.lu","https:\/\/www.youtube.com\/@uni_lu","https:\/\/en.wikipedia.org\/wiki\/University_of_Luxembourg"]}]}},"_links":{"self":[{"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events\/7937"}],"collection":[{"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events"}],"about":[{"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/types\/events"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/comments?post=7937"}],"version-history":[{"count":0,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events\/7937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/media\/7938"}],"wp:attachment":[{"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/media?parent=7937"}],"wp:term":[{"taxonomy":"events-topic","embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events-topic?post=7937"},{"taxonomy":"events-type","embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events-type?post=7937"},{"taxonomy":"organisation","embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/organisation?post=7937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}