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Current Research

PCRI/State Street Quarterly Newsletter 4Q 2015

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PCRI/State Street Quarterly Newsletter 3Q 2015

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2016 AEA Conference

Making Private Data Accessible in an Opaque Industry: The Experience of the Private Capital Research Institute

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Data Description Article 1

This is the first in a series of articles about the Private Capital Research Institute database. These articles are aimed to provide a brief overview of the research being done at the PCRI and the data that is being collected. For more specific details on the database (for instance, variable definitions and database structure), please refer to the PCRI Data User Manual.

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Michael Ewens Research: The Impact of a Declining IPO Market on Venture Capital

One area of research is the impact of the changing initial public offering (IPO) markets on venture capital investments and, consequently, the impact on entrepreneurship, innovation and employment. The last decade has seen a large drop in the number of IPOs in the United States. According to Professor Jay Ritter at the University of Florida, from 1980-2000, an annual average of 310 operating companies went public in the United States; but the annual average of IPOs in the U.S. between 2001-12 was only 991 companies that go public seek funds to grow, innovate, and further create jobs.

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Agrawal and Lerner Research: A Study on the Impact of Private Equity Investments on Organized Labor

While the aggregate employment impact of private equity has been carefully examined,1 quality of those jobs remains poorly understood. Anecdotally, accounts are plentiful of private equity groups weakening unions, reducing pension benefits, and exacerbating work conditions;2 systematic evidence one way or another.

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