adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between … firm and industry performance is lower. The opposite is true for firms that adopt absolute performance evaluation (APE …) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …

This paper documents and studies the gender gap in performance among associate lawyers in the United States. Unlike … other high-skilled professions, the legal profession assesses performance using transparent measures that are widely used … clear evidence of a gender gap in annual performance with respect to both measures. Male lawyers bill ten percent more hours …

We survey the literature on private equity performance, focusing on venture capital and buyout funds rather than … portfolio companies. We describe recent findings on performance measures, average fund returns, risk adjustments, cyclicality … and liquidity, persistence, interim returns and self-reported net asset values, the performance of different types of …

We propose a new approach to evaluating the performance of private equity investments using actual prices paid for LP …