Buyout Figures Are a Cop-Out [Edition 2]

Evening Standard - London › March 28, 2009

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Summary

PRIVATE-EQUITY trade body the BVCA has been fond of saying that companies in its members' portfolios invested more than the average British company, grew employment faster, exported more and had a faster rate of growth.

All the good things, in fact, to prove that it was a superior business model deserving of its generous tax treatment.

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Extract

Buyout Figures Are a Cop-Out [Edition 2]

The criticism of such statistics was that they suffered from survivor bias -- meaning that whil...

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