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This paper analyzes the determinants of returns generated by European private equity funds. It starts from the presumption that this asset class is characterized by illiquidity, stickiness and segmentation. As a consequence, Gompers and Lerner (2000) have shown that venture deal valuations are...
Persistent link: https://www.econbiz.de/10009231546
This paper presents a cash flow based analysis of the return and risk characteristics of European Private Equity Funds. For that purpose a comprehensive data set has been provided by Thomson Venture Economics. We document the typical time pattern of cash flows for European private equity funds....
Persistent link: https://www.econbiz.de/10009231547
according to IFRS. Furthermore it compares the accounting methods according to international standards with German GAAP …
Persistent link: https://www.econbiz.de/10003935075
Equity ties between businesses change the division of the firms joint profits, thereby affecting incentives for relation-specific investments and other strategic actions. Depending on which side owns the equity and how readily the equity can be resold, we find that the changed incentives can...
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Fälle wie der des insolventen amerikanischen Energiekonzerns Enron erwecken den Eindruck, dass Special Purpose Entities in erster Linie dazu gegründet werden, den Einblick Unternehmensexterner in die wirtschaftliche Lage eines Unternehmens zu begrenzen. Die kritische Einstellung zu solchen...
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-Wertbeitrag veranlasst Unternehmensführungen immer öfter, neue IT-Investitionen in Frage zu stellen. Dem IT-Controlling wird an dieser Stelle … eine zentrale Rolle zugeschrieben, um das IT-Management zu unterstützen. Das IT-Controlling plant, überwacht und steuert … Ausgangslage macht es für das IT-Controlling auf Konzernebene, sprich dem Group-IT-Controlling, schwer, Optimierungspotenziale zu …
Persistent link: https://www.econbiz.de/10010442023