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Drivers of Private Equity Investment in CEE and Western European Countries
Bernoth, Kerstin; Colavecchio, Roberta; Sass, Magdolna - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
A strong private equity market is a cornerstone for commercialization and innovation in modern economies. However, substantial differences exist in the relative amounts raised and invested in private equity across European countries. We investigate the macro-determinants of private equity...
Persistent link: https://www.econbiz.de/10010661266
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Drivers of Private Equity Investment in CEE and Western European Countries
Bernoth, Kerstin; Colavecchio, Roberta; Sass, Magdolna - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
A strong private equity market is a cornerstone for commercialization and innovation in modern economies. However, substantial differences exist in the relative amounts raised and invested in private equity across European countries. We investigate the macro-determinants of private equity...
Persistent link: https://www.econbiz.de/10010783950
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The Private Equity Premium Puzzle Revisited: New Evidence on the Role of Heterogeneous Risk Attitudes
Fossen, Frank M. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
The empirical finding that entrepreneurs tend to invest a large share of their wealth in their own firms despite comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence supporting the hypothesis that lower risk aversion of...
Persistent link: https://www.econbiz.de/10005068887
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Drivers of Private Equity Investment in CEE and Western European Countries
Bernoth, Kerstin; Colavecchio, Roberta; Sass, Magdolna - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
A strong private equity market is a cornerstone for commercialization and innovation in modern economies. However, substantial differences exist in the relative amounts raised and invested in private equity across European countries. We investigate the macro-determinants of private equity...
Persistent link: https://www.econbiz.de/10008468135
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Private Equity, Corporate Governance and Out-Performance of High-Growth Firms
Badunenko, Oleg; Karber, Moritz Fabien; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
The paper investigates how Private Equity (PE) ownership influences out-performance of a high-growth firm, and whether it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We transform the levered return on equity into a unlevered...
Persistent link: https://www.econbiz.de/10010661265
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Private Equity, Corporate Governance and Out-Performance of High-Growth Firms
Badunenko, Oleg; Karber, Moritz Fabien; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
The paper investigates how Private Equity (PE) ownership influences out-performance of a high-growth firm, and whether it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We transform the levered return on equity into a unlevered...
Persistent link: https://www.econbiz.de/10011128093
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Informed Capital in a Hostile Environment: The Case of Relational Investors in Germany
Schäfer, Dorothea; Schilder, Dirk - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
Informed capital is a crucial ingredient to a well-functioning market for start-up finance, especially in times of … not yet been answered. To fill this gap, we conduct a survey among German suppliers of start-up finance. We find … Business Angels are the key providers of informed capital in the German market for start-up finance. …
Persistent link: https://www.econbiz.de/10005068684
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Are Private Equity Investors Good or Evil?
Badunenko, Oleg; Barasinska, Nataliya; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
, thus indicating a safe strategy of PE investors. Third, we do not find empirical evidence that a PE investor comes in to …
Persistent link: https://www.econbiz.de/10004963859
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Does the Tenure of Private Equity Investment Improve the Performance of European Firms?
Badunenko, Oleg; Baum, Christopher F.; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
The paper investigates whether the presence and tenure of Private Equity (PE) investment in European companies improves their performance. Previous studies documented the unambiguous merit of a buyout during the 1980s and 1990s for listed firms in the US and UK markets. This study analyzes such...
Persistent link: https://www.econbiz.de/10008541302
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Are Private Equity Investors Good or Evil?
Badunenko, Oleg; Barasinska, Nataliya; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
, thus indicating a safe strategy of PE investors. Third, we do not find empirical evidence that a PE investor comes in to …
Persistent link: https://www.econbiz.de/10005069139