LBOs slash R&D: So what?
解读了Long和Ravenscraft关于杠杆收购对研发支出和绩效影响的研究，发现LBO确实伴随研发削减，但并非所有情况都显著。
This article translates the research conducted by William Long and David Ravenscraft concerning the impact of leveraged buyouts (LBOs) on research and development (R&D) expenditures and performance. The author examines debt levels associated with LBOs and reductions in R&D spending as well as the importance of reductions in R&D. The researchers believed that LBOs would be associated with reductions in R&D, which they did find; however, their findings indicated that these reductions may not have been significant in all instances.