NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Board Interlocks and the Propensity to be Targeted in Private Equity Transactions

Toby Stuart, Soojin Yim

NBER Working Paper No. 14189
Issued in July 2008

---- Acknowledgements -----

The authors would like to thank Rakesh Khurana for some initial, provocative discussions on this project; Tracy Li for helpful research assistance; Guido Imbens, Bill Kerr, Josh Lerner, Steve Kaplan, Ramana Nanda, Bill Simpson, Jeremy Stein, David Robinson, David Scharfstein, Julie Wulf, Matthew Rhodes-Kropf, Mitchell Petersen, Scott Stern, and Yael Hochberg for helpful comments. In addition, we acknowledge Erika McCaffery’s assistance in locating data for this project. Direct correspondence to yim@fas.harvard.edu or tstuart@hbs.edu. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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