Leadership transition in private equity firms is an understudied field, despite the important, albeit controversial, role such firms play in developed economies. We analyzed 260 firms in an empirical study, supplemented by qualitative interviews with a small sample of highly experienced LPs and...

This study considers the trade-off between better top management team (TMT) decision-making involving complementary perspectives and inefficiencies due to conflicts between individuals. In analyzing characteristics of 1,071 fund partners involved in 1,295 buyout deals by 117 funds, we find that...

This paper explores how the value of foreignness is affected by institutional change over the life of private equity (PE) deals in emerging economies. I find that strengthening formal contracting institutions actually lower returns for deals managed by internationally experienced PE firms from...

This paper is about Private Equity Investment in Asian Emerging Markets. A short description of the characteristics of Private Equity and its history is provided. Hence, it reflects the current situation and special requirements of Emerging Markets Private Equity. The implication of all those...

The high competition in the global Private Equity (PE) and Venture Capital (VC) industry has forced investors to allocate more capital to emerging markets. The fast growing PE and VC activities in those countries raise the question of whether the cost with limited attention will surpass the...